PDT Partners LLC Sells 12,500 Shares of Diversified Energy Company PLC (NYSE:DEC)

PDT Partners LLC decreased its position in Diversified Energy Company PLC (NYSE:DEC) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,886 shares of the company’s stock after selling 12,500 shares during the quarter. PDT Partners LLC owned approximately 0.07% of Diversified Energy worth $552,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew its position in shares of Diversified Energy by 181.8% in the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company’s stock worth $130,000 after buying an additional 5,008 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Diversified Energy in the 4th quarter worth about $223,000. Callan Family Office LLC bought a new position in Diversified Energy in the fourth quarter worth about $248,000. Quadrant Capital Group LLC raised its stake in Diversified Energy by 51.9% in the fourth quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company’s stock worth $282,000 after buying an additional 5,738 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Diversified Energy during the 4th quarter valued at approximately $293,000. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Energy Price Performance

Diversified Energy stock opened at $12.63 on Friday. Diversified Energy Company PLC has a 12 month low of $10.08 and a 12 month high of $17.70. The business’s fifty day simple moving average is $12.34 and its two-hundred day simple moving average is $14.21.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 9.18%. The ex-dividend date is Friday, May 30th.

Wall Street Analysts Forecast Growth

DEC has been the subject of several research reports. Mizuho began coverage on Diversified Energy in a research report on Thursday, April 10th. They issued an “outperform” rating and a $23.00 target price for the company. Truist Financial raised their price objective on Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, January 6th. KeyCorp reduced their target price on shares of Diversified Energy from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Finally, Citigroup assumed coverage on shares of Diversified Energy in a research note on Tuesday. They set a “buy” rating and a $16.00 price objective on the stock.

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.