M&G PLC Buys 200,000 Shares of Diversified Energy Company PLC $DEC

M&G PLC raised its stake in Diversified Energy Company PLC (NYSE:DEC) by 11.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,915,325 shares of the company’s stock after acquiring an additional 200,000 shares during the quarter. M&G PLC’s holdings in Diversified Energy were worth $26,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DEC. CWM LLC increased its holdings in shares of Diversified Energy by 273.1% in the second quarter. CWM LLC now owns 1,787 shares of the company’s stock valued at $26,000 after purchasing an additional 1,308 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Diversified Energy in the 3rd quarter valued at $47,000. Allworth Financial LP increased its stake in shares of Diversified Energy by 10,143.9% in the 2nd quarter. Allworth Financial LP now owns 4,200 shares of the company’s stock valued at $62,000 after buying an additional 4,159 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Diversified Energy by 261.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock worth $74,000 after acquiring an additional 3,666 shares during the last quarter. Finally, Guinness Asset Management LTD bought a new position in Diversified Energy in the third quarter valued at about $106,000. 26.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $13.28, for a total transaction of $27,888,000.00. Following the completion of the transaction, the director owned 7,501,585 shares in the company, valued at approximately $99,621,048.80. This represents a 21.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Diversified Energy Price Performance

Shares of DEC stock opened at $13.23 on Monday. Diversified Energy Company PLC has a 12-month low of $10.08 and a 12-month high of $17.03. The firm has a fifty day moving average of $13.65 and a 200-day moving average of $14.20.

Diversified Energy (NYSE:DEC) last posted its earnings results on Friday, February 6th. The company reported $2.28 earnings per share for the quarter. Equities analysts predict that Diversified Energy Company PLC will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DEC shares. Wall Street Zen cut shares of Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday. William Blair started coverage on shares of Diversified Energy in a report on Tuesday, November 18th. They set an “outperform” rating for the company. Citigroup cut their price target on Diversified Energy from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Johnson Rice upgraded Diversified Energy from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $19.00 to $23.00 in a research report on Friday, December 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Diversified Energy in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.50.

Diversified Energy Company Profile

Diversified Energy Company PLC (NYSE: DEC) is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.