KeyCorp Issues Positive Forecast for Diversified Energy (NYSE:DEC) Stock Price

Posted by ABMN Staff on Jan 10th, 2025

Diversified Energy (NYSE:DEC – Free Report) had its price target boosted by KeyCorp from $18.00 to $19.00 in a research report released on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Separately, Truist Financial raised their price objective on shares of Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a research note on Monday.

Read Our Latest Stock Report on Diversified Energy

Diversified Energy Price Performance

NYSE DEC opened at $16.60 on Tuesday. Diversified Energy has a 12 month low of $10.54 and a 12 month high of $17.70. The stock’s fifty day moving average price is $15.46 and its 200-day moving average price is $13.87.

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 paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.99%. The ex-dividend date of this dividend is Friday, February 28th.

Institutional Investors Weigh In On Diversified Energy

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

About Diversified Energy

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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.