Diversified Energy Company PLC (NYSE:DEC) Shareholders Set to Receive $0.29 Quarterly Dividend

Diversified Energy Company PLC (NYSE:DEC) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Friday, February 26th will be paid a dividend of $0.29 per share on Wednesday, March 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Friday, February 26th.

Diversified Energy Trading Down 2.1%

Shares of DEC opened at $13.36 on Thursday. Diversified Energy has a 52-week low of $12.35 and a 52-week high of $18.90. The business’s fifty day moving average is $14.37 and its 200-day moving average is $14.42. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 2.96.

Diversified Energy (NYSE:DEC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.49). The firm had revenue of $442.30 million during the quarter, compared to the consensus estimate of $492.98 million. As a group, analysts forecast that Diversified Energy will post 2.78 earnings per share for the current year.

Hedge Funds Weigh In On Diversified Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in Diversified Energy during the second quarter valued at $26,000. GAMMA Investing LLC grew its holdings in Diversified Energy by 443.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,917 shares of the company’s stock worth $26,000 after acquiring an additional 1,564 shares during the period. Fortitude Family Office LLC bought a new position in shares of Diversified Energy in the 3rd quarter worth about $37,000. Versant Capital Management Inc raised its position in shares of Diversified Energy by 197.0% in the 2nd quarter. Versant Capital Management Inc now owns 4,909 shares of the company’s stock worth $68,000 after acquiring an additional 3,256 shares in the last quarter. Finally, Southern Financial Group LLC bought a new position in shares of Diversified Energy in the 1st quarter worth about $212,000. Institutional investors and hedge funds own 26.51% of the company’s stock.

Diversified Energy Company Profile

Diversified Energy Company plc is an independent energy company focused on acquiring, operating and managing mature onshore oil and natural gas assets in the United States. Its portfolio includes producing wells, gathering systems and related infrastructure, with an emphasis on extending the productive life of existing assets through operational improvements and disciplined asset management.

The company’s operations are concentrated in several U.S. regions, including the Appalachian, Central and Rocky Mountain areas.