CWA Asset Management Group LLC Makes New $390,000 Investment in Diversified Energy Company PLC (NYSE:DEC)

CWA Asset Management Group LLC bought a new stake in Diversified Energy Company PLC (NYSE:DEC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,234 shares of the company’s stock, valued at approximately $390,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Signaturefd LLC purchased a new stake in Diversified Energy during the 3rd quarter valued at about $31,000. FMR LLC purchased a new stake in shares of Diversified Energy in the third quarter valued at approximately $31,000. Ballentine Partners LLC purchased a new stake in shares of Diversified Energy in the third quarter valued at approximately $143,000. XTX Topco Ltd acquired a new stake in shares of Diversified Energy in the third quarter valued at approximately $163,000. Finally, Quantinno Capital Management LP purchased a new position in Diversified Energy during the third quarter worth approximately $167,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

Diversified Energy Stock Down 1.7 %

DEC stock opened at $16.60 on Thursday. Diversified Energy Company PLC has a one year low of $10.54 and a one year high of $17.70. The firm’s 50 day moving average price is $15.36 and its 200-day moving average price is $13.85.

Diversified Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date of this dividend is Friday, February 28th.

Analysts Set New Price Targets

A number of analysts have issued reports on DEC shares. Truist Financial raised their target price on Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp raised their price objective on shares of Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday.

Diversified Energy 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.