Two Sigma Investments LP Decreases Stock Holdings in Diversified Energy Company PLC (NYSE:DEC)

Two Sigma Investments LP decreased its holdings in shares of Diversified Energy Company PLC (NYSE:DEC) by 28.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,649 shares of the company’s stock after selling 6,303 shares during the period. Two Sigma Investments LP’s holdings in Diversified Energy were worth $263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Diversified Energy by 181.8% in the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company’s stock valued at $130,000 after purchasing an additional 5,008 shares in the last quarter. ProShare Advisors LLC purchased a new position in Diversified Energy in the 4th quarter valued at $222,000. Walleye Capital LLC purchased a new position in Diversified Energy in the 4th quarter valued at $223,000. Callan Family Office LLC purchased a new position in Diversified Energy in the 4th quarter valued at $248,000. Finally, Quadrant Capital Group LLC lifted its holdings in Diversified Energy by 51.9% in the 4th quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company’s stock valued at $282,000 after purchasing an additional 5,738 shares in the last quarter. Hedge funds and other institutional investors own 26.51% of the company’s stock.

Diversified Energy Stock Up 1.3%

Shares of DEC opened at $14.84 on Thursday. Diversified Energy Company PLC has a 52-week low of $10.08 and a 52-week high of $17.70. The stock has a fifty day simple moving average of $12.95 and a two-hundred day simple moving average of $14.40.

Diversified Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date of this dividend is Friday, August 29th.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Citigroup assumed coverage on Diversified Energy in a report on Tuesday, April 29th. They issued a “buy” rating and a $16.00 price objective on the stock. Mizuho assumed coverage on Diversified Energy in a report on Thursday, April 10th. They issued an “outperform” rating and a $23.00 price objective on the stock. Wall Street Zen raised Diversified Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, KeyCorp cut their target price on Diversified Energy from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.75.

Diversified Energy 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.