Diversified Energy (NYSE:DEC) Coverage Initiated by Analysts at Truist Financial

Truist Financial assumed coverage on shares of Diversified Energy (NYSE:DEC) in a report published on Tuesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $18.00 target price on the stock.

Diversified Energy Stock Down 1.3 %

NYSE DEC opened at $13.43 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. Diversified Energy has a 1-year low of $10.54 and a 1-year high of $26.00. The company has a 50-day moving average price of $14.12.

Diversified Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend is Friday, August 30th.

Institutional Trading of Diversified Energy

A number of institutional investors have recently added to or reduced their stakes in DEC. Royal London Asset Management Ltd. acquired a new position in shares of Diversified Energy during the fourth quarter worth about $25,000. Fund 1 Investments LLC purchased a new stake in shares of Diversified Energy during the 4th quarter valued at about $56,000. Susquehanna International Securities Ltd. acquired a new position in Diversified Energy during the 1st quarter worth approximately $131,000. Virtu Financial LLC purchased a new position in Diversified Energy in the 1st quarter worth approximately $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Diversified Energy in the fourth quarter valued at approximately $190,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

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.