Proficio Capital Partners LLC Invests $352,000 in Diversified Energy Company PLC (NYSE:DEC)

Proficio Capital Partners LLC acquired a new stake in Diversified Energy Company PLC (NYSE:DEC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 20,933 shares of the company’s stock, valued at approximately $352,000.

Several other large investors also recently made changes to their positions in the stock. FMR LLC bought a new position in shares of Diversified Energy in the 3rd quarter valued at approximately $31,000. XTX Topco Ltd bought a new stake in Diversified Energy during the 3rd quarter valued at approximately $163,000. Quantinno Capital Management LP acquired a new stake in Diversified Energy in the 3rd quarter valued at approximately $167,000. SG Americas Securities LLC increased its position in Diversified Energy by 21.1% in the 4th quarter. SG Americas Securities LLC now owns 18,687 shares of the company’s stock worth $314,000 after buying an additional 3,255 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in shares of Diversified Energy during the fourth quarter worth approximately $390,000. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Stock Down 1.5 %

NYSE DEC opened at $13.15 on Wednesday. Diversified Energy Company PLC has a 1-year low of $10.72 and a 1-year high of $17.70. The company has a 50 day moving average of $14.68 and a 200-day moving average of $14.14.

Diversified Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 8.82%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DEC shares. KeyCorp raised their price target on shares of Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Truist Financial raised their price objective on shares of Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, January 6th.

Diversified Energy 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.