Diversified Energy (NYSE:DEC) Coverage Initiated at Mizuho

Mizuho started coverage on shares of Diversified Energy (NYSE:DEC) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm issued an outperform rating and a $23.00 price target on the stock.

Several other brokerages have also recently issued reports on DEC. Truist Financial lifted their price objective on Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, January 6th. KeyCorp lifted their price target on shares of Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th.

Diversified Energy Stock Up 3.4 %

Diversified Energy stock opened at $11.17 on Thursday. The stock’s fifty day simple moving average is $13.46 and its 200-day simple moving average is $14.20. Diversified Energy has a twelve month low of $10.08 and a twelve month high of $17.70.

Diversified Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 10.39%.

Institutional Investors Weigh In On Diversified Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC acquired a new position in Diversified Energy in the third quarter valued at approximately $31,000. Signaturefd LLC lifted its position in shares of Diversified Energy by 181.8% during 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. XTX Topco Ltd acquired a new position in shares of Diversified Energy in the 3rd quarter valued at $163,000. Quantinno Capital Management LP purchased a new position in shares of Diversified Energy in the 3rd quarter valued at $167,000. Finally, ProShare Advisors LLC acquired a new stake in Diversified Energy during the 4th quarter worth $222,000. Institutional investors and hedge funds own 26.51% of the company’s stock.

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.