1 week Ago By Defense World Staff
Corebridge Financial Inc. reduced its position in shares of Diversified Energy Company PLC (NYSE:DEC – Free Report) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.
The fund owned 23,366 shares of the company’s stock after selling 1,764 shares during the period. Corebridge Financial Inc.’s holdings in Diversified Energy were worth $393,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC bought a new position in shares of Diversified Energy in the third quarter valued at approximately $31,000. Signaturefd LLC grew its holdings in 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 acquiring an additional 5,008 shares during the period. XTX Topco Ltd bought a new position in shares of Diversified Energy in the 3rd quarter worth $163,000.
Quantinno Capital Management LP acquired a new stake in shares of Diversified Energy during the third quarter worth $167,000. Finally, Callan Family Office LLC bought a new stake in Diversified Energy in the fourth quarter valued at about $248,000. 26.
51% of the stock is currently owned by institutional investors and hedge funds. Diversified Energy Price PerformanceNYSE:DEC opened at $11.56 on Thursday.
Diversified Energy Company PLC has a 1 year low of $10.08 and a 1 year high of $17.70.
The stock has a 50-day moving average price of $13.69 and a two-hundred day moving average price of $14.20.
Diversified Energy Dividend AnnouncementThe business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.29 per share.
The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 10.
03%. Wall Street Analysts Forecast GrowthA number of equities analysts have issued reports on DEC shares. KeyCorp raised their target price on Diversified Energy from $18.
00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Truist Financial boosted their price objective on shares of Diversified Energy from $21.
00 to $27.00 and gave the company a “buy” rating in a report on Monday, January 6th.Get Our Latest Report on Diversified EnergyDiversified Energy Profile (Free Report)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.Recommended StoriesFive stocks we like better than Diversified Energy3 Monster Growth Stocks to Buy NowQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreWhat Does a Stock Split Mean? Are Tariffs Threatening Disney’s Comeback Story?How to Most Effectively Use the MarketBeat Earnings ScreenerIs Alphabet a Generational Buying Opportunity at These Levels?.
