MetLife Investment Management LLC Has $315,000 Holdings in Diversified Energy Company PLC (NYSE:DEC)

MetLife Investment Management LLC boosted its position in shares of Diversified Energy Company PLC (NYSE:DEC) by 129.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,670 shares of the company’s stock after buying an additional 15,591 shares during the period. MetLife Investment Management LLC’s holdings in Diversified Energy were worth $315,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC bought a new stake in shares of Diversified Energy during the 3rd quarter worth $31,000. FMR LLC bought a new position in shares of Diversified Energy in the third quarter worth about $31,000. Ballentine Partners LLC acquired a new stake in shares of Diversified Energy in the 3rd quarter valued at approximately $143,000. SG Americas Securities LLC bought a new stake in shares of Diversified Energy during the 3rd quarter valued at approximately $176,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Diversified Energy in the 2nd quarter valued at approximately $189,000. 26.51% of the stock is owned by institutional investors.

Diversified Energy Stock Down 5.0 %

DEC stock opened at $15.35 on Monday. The company has a fifty day moving average price of $13.32 and a 200-day moving average price of $13.55. Diversified Energy Company PLC has a 52-week low of $10.54 and a 52-week high of $18.05.

Diversified Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.56%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DEC shares. Truist Financial boosted their target price on shares of Diversified Energy from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. KeyCorp initiated coverage on Diversified Energy in a research report on Wednesday, August 28th. They issued an “overweight” rating and a $18.00 target price for the company.

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.