Diversified Energy (NYSE:DEC) Now Covered by Analysts at Mizuho

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

Several other equities analysts have also commented on DEC. Truist Financial upped their price target 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 increased their target price 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 Price Performance

Diversified Energy stock opened at $10.80 on Thursday. The firm has a 50 day simple moving average of $13.58 and a 200-day simple moving average of $14.20. Diversified Energy has a 1-year low of $10.08 and a 1-year high of $17.70.

Diversified Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.74%.

Hedge Funds Weigh In On Diversified Energy

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC acquired a new position in shares of Diversified Energy in the third quarter valued at approximately $31,000. Signaturefd LLC lifted its stake in shares of Diversified Energy by 181.8% in the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company’s stock worth $130,000 after acquiring an additional 5,008 shares during the period. XTX Topco Ltd acquired a new position in shares of Diversified Energy during the third quarter worth about $163,000. Quantinno Capital Management LP purchased a new position in Diversified Energy during the third quarter worth about $167,000. Finally, ProShare Advisors LLC acquired a new stake in Diversified Energy in the fourth quarter valued at about $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.