Diversified Energy (NYSE:DEC) Price Target Raised to $21.00

Diversified Energy (NYSE:DEC) had its target price increased by Truist Financial from $19.00 to $21.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, KeyCorp began coverage on shares of Diversified Energy in a report on Wednesday, August 28th. They issued an “overweight” rating and a $18.00 price objective on the stock.

Diversified Energy Stock Up 5.2 %

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

Diversified Energy Dividend Announcement

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

Institutional Investors Weigh In On Diversified Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Diversified Energy by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company’s stock valued at $1,291,000 after purchasing an additional 1,910 shares during the last quarter. Mraz Amerine & Associates Inc. raised its position in Diversified Energy by 1.9% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 108,279 shares of the company’s stock worth $1,461,000 after buying an additional 2,044 shares during the last quarter. Signaturefd LLC bought a new position in Diversified Energy during the 3rd quarter valued at about $31,000. FMR LLC purchased a new stake in shares of Diversified Energy during the 3rd quarter valued at about $31,000. Finally, Brighton Jones LLC grew its stake in shares of Diversified Energy by 28.2% in the second quarter. Brighton Jones LLC now owns 25,034 shares of the company’s stock worth $338,000 after acquiring an additional 5,501 shares during the period. 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.