KeyCorp Issues Positive Forecast for Diversified Energy (NYSE:DEC) Stock Price

Diversified Energy (NYSE:DEC) had its target price upped by equities research analysts at KeyCorp from $18.00 to $19.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 11.63% from the company’s current price.

Separately, Truist Financial lifted their target price on Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a report on Monday.

Diversified Energy Trading Up 2.0 %

NYSE:DEC traded up $0.34 on Tuesday, hitting $17.02. The stock had a trading volume of 66,193 shares, compared to its average volume of 251,778. The firm’s fifty day simple moving average is $15.17 and its two-hundred day simple moving average is $13.81. Diversified Energy has a 1 year low of $10.54 and a 1 year high of $17.70.

Institutional Investors Weigh In On Diversified Energy

A number of hedge funds have recently modified their holdings of the business. Jupiter Asset Management Ltd. lifted its position in Diversified Energy by 77.5% during the second quarter. Jupiter Asset Management Ltd. now owns 2,634,877 shares of the company’s stock valued at $34,973,000 after purchasing an additional 1,150,794 shares during the last quarter. M&G PLC increased its position in shares of Diversified Energy by 5.1% in the 3rd quarter. M&G PLC now owns 1,803,398 shares of the company’s stock valued at $20,523,000 after acquiring an additional 87,775 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Diversified Energy by 3,058.5% in the third quarter. The Manufacturers Life Insurance Company now owns 717,585 shares of the company’s stock worth $8,101,000 after buying an additional 694,866 shares during the last quarter. State Street Corp boosted its position in Diversified Energy by 42.4% during the third quarter. State Street Corp now owns 552,844 shares of the company’s stock worth $6,291,000 after purchasing an additional 164,728 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Diversified Energy by 166.9% during the third quarter. Barclays PLC now owns 516,535 shares of the company’s stock valued at $5,876,000 after acquiring an additional 322,986 shares during the last quarter. Institutional investors own 26.51% of the company’s stock.

About Diversified Energy

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.