Walleye Capital LLC Acquires New Stake in Diversified Energy Company PLC (NYSE:DEC)

Walleye Capital LLC bought a new position in Diversified Energy Company PLC (NYSE:DEC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,290 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DEC. Signaturefd LLC grew its holdings in shares of Diversified Energy by 181.8% during the fourth quarter. Signaturefd LLC now owns 7,763 shares of the company’s stock worth $130,000 after purchasing an additional 5,008 shares in the last quarter. Callan Family Office LLC bought a new stake in Diversified Energy during the fourth quarter valued at approximately $248,000. Quadrant Capital Group LLC grew its stake in Diversified Energy by 51.9% in the 4th 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. Intech Investment Management LLC bought a new position in shares of Diversified Energy in the 4th quarter worth $293,000. Finally, SG Americas Securities LLC raised its position in shares of Diversified Energy by 21.1% during the 4th quarter. SG Americas Securities LLC now owns 18,687 shares of the company’s stock valued at $314,000 after buying an additional 3,255 shares in the last quarter. Hedge funds and other institutional investors own 26.51% of the company’s stock.

Diversified Energy Stock Up 1.8 %

Shares of NYSE DEC opened at $12.57 on Friday. The firm’s fifty day moving average is $12.48 and its 200 day moving average is $14.19. Diversified Energy Company PLC has a 52 week low of $10.08 and a 52 week high of $17.70.

Diversified Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date is Friday, May 30th.

Analysts Set New Price Targets

A number of research firms recently commented on DEC. Mizuho started coverage on Diversified Energy in a research note on Thursday, April 10th. They issued an “outperform” rating and a $23.00 target price on the stock. KeyCorp reduced their price objective on Diversified Energy from $21.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Finally, Truist Financial boosted their target price on Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, January 6th.

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.