Ballentine Partners LLC Purchases New Position in Diversified Energy Company PLC (NYSE:DEC)

Ballentine Partners LLC purchased a new stake in shares of Diversified Energy Company PLC (NYSE:DEC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,565 shares of the company’s stock, valued at approximately $143,000.

Several other institutional investors also recently bought and sold shares of the stock. Mraz Amerine & Associates Inc. raised its stake in shares of Diversified Energy by 8.4% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 117,366 shares of the company’s stock worth $1,336,000 after buying an additional 9,087 shares during the period. Signaturefd LLC acquired a new position in shares of Diversified Energy during the 3rd quarter worth approximately $31,000. Creative Planning acquired a new position in shares of Diversified Energy during the 3rd quarter worth approximately $350,000. SG Americas Securities LLC acquired a new position in shares of Diversified Energy during the 3rd quarter worth approximately $176,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Diversified Energy during the 2nd quarter worth approximately $820,000. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Energy Price Performance

NYSE DEC opened at $11.71 on Wednesday. The business has a fifty day moving average price of $11.72 and a 200 day moving average price of $13.43. Diversified Energy Company PLC has a one year low of $10.54 and a one year high of $18.69.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 9.91%. The ex-dividend date is Friday, November 29th.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DEC. KeyCorp began coverage on Diversified Energy in a research note on Wednesday, August 28th. They set an “overweight” rating and a $18.00 target price for the company. Truist Financial reduced their target price on Diversified Energy from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, September 30th.

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.