Diversified Energy Company PLC (NYSE:DEC) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its stake in Diversified Energy Company PLC (NYSE:DEC) by 51.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,803 shares of the company’s stock after purchasing an additional 5,738 shares during the quarter. Quadrant Capital Group LLC’s holdings in Diversified Energy were worth $282,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC acquired a new position in Diversified Energy during the third quarter worth $31,000. Signaturefd LLC lifted its stake in Diversified Energy by 181.8% during the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company’s stock worth $130,000 after acquiring an additional 5,008 shares in the last quarter. XTX Topco Ltd purchased a new position in Diversified Energy during the 3rd quarter valued at about $163,000. Quantinno Capital Management LP acquired a new position in Diversified Energy in the 3rd quarter valued at about $167,000. Finally, Callan Family Office LLC purchased a new stake in Diversified Energy during the fourth quarter worth about $248,000. Hedge funds and other institutional investors own 26.51% of the company’s stock.

Diversified Energy Trading Down 7.1 %

Shares of DEC opened at $10.53 on Wednesday. Diversified Energy Company PLC has a 1 year low of $10.37 and a 1 year high of $17.70. The stock has a 50-day simple moving average of $13.87 and a 200-day simple moving average of $14.22.

Diversified Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 11.02%.

Analysts Set New Price Targets

DEC has been the subject of a number of research reports. Truist Financial lifted their price objective on shares of Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a report on Monday, January 6th. KeyCorp upped their price objective on Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th.

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.