Diversified Energy (NYSE:DEC – Free Report) had its target price cut by Truist Financial from $20.00 to $19.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a buy rating on the stock.
Separately, KeyCorp began coverage on shares of Diversified Energy in a research note on Wednesday, August 28th. They issued an overweight rating and a $18.00 target price for the company.
Check Out Our Latest Analysis on Diversified Energy
Diversified Energy Price Performance
Diversified Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date of this dividend is Friday, November 29th.
Institutional Investors Weigh In On Diversified Energy
Hedge funds have recently modified their holdings of the business. Royal London Asset Management Ltd. purchased a new stake in shares of Diversified Energy in the fourth quarter valued at about $25,000. Fund 1 Investments LLC purchased a new stake in shares of Diversified Energy in the fourth quarter valued at about $56,000. Susquehanna International Securities Ltd. purchased a new stake in shares of Diversified Energy in the first quarter valued at about $131,000. Virtu Financial LLC purchased a new stake in shares of Diversified Energy in the first quarter valued at about $136,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Diversified Energy in the second quarter valued at about $189,000. 26.51% of the stock is currently owned by institutional investors and hedge funds.
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.
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