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

Diversified Energy (NYSE:DEC) had its price objective hoisted by Truist Financial from $19.00 to $21.00 in a report issued on Monday,Benzinga reports. Truist Financial currently has 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 price target on the stock.

Diversified Energy Price Performance

Diversified Energy stock opened at $15.09 on Monday. The company’s 50-day moving average price is $11.98 and its two-hundred day moving average price is $13.35. Diversified Energy has a twelve month low of $10.54 and a twelve month high of $18.69.

Diversified Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date is Friday, February 28th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DEC. Signaturefd LLC purchased a new position in Diversified Energy in the third quarter valued at approximately $31,000. FMR LLC purchased a new position in shares of Diversified Energy in the 3rd quarter worth about $31,000. Virtu Financial LLC bought a new stake in shares of Diversified Energy in the 1st quarter worth approximately $136,000. Ballentine Partners LLC purchased a new stake in Diversified Energy during the third quarter valued at about $143,000. Finally, XTX Topco Ltd bought a new stake in Diversified Energy in the third quarter valued at approximately $163,000. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Company Profile

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.