Cornercap Investment Counsel Inc. Invests $235,000 in Diversified Energy Company PLC (NYSE:DEC)

Cornercap Investment Counsel Inc. purchased a new position in shares of Diversified Energy Company PLC (NYSE:DEC) in the third quarter, HoldingsChannel.com reports. The firm purchased 20,607 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Signaturefd LLC acquired a new position in Diversified Energy in the 3rd quarter valued at about $31,000. Virtu Financial LLC purchased a new stake in shares of Diversified Energy during the first quarter worth approximately $136,000. Ballentine Partners LLC acquired a new stake in shares of Diversified Energy during the third quarter worth $143,000. Vanguard Personalized Indexing Management LLC acquired a new position in Diversified Energy in the 2nd quarter valued at $189,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Diversified Energy in the third quarter valued at about $176,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DEC has been the subject of a number of recent analyst reports. KeyCorp assumed coverage on shares of Diversified Energy in a research report on Wednesday, August 28th. They issued an “overweight” rating and a $18.00 price objective for the company. Truist Financial raised their target price on Diversified Energy from $19.00 to $21.00 and gave the company a “buy” rating in a report on Monday.

Diversified Energy Stock Up 5.2 %

DEC stock opened at $15.09 on Tuesday. The stock’s 50 day moving average price is $11.98 and its 200 day moving average price is $13.35. Diversified Energy Company PLC has a 1 year low of $10.54 and a 1 year high of $18.69.

Diversified Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a yield of 7.69%.

About Diversified Energy

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.