Tejara Capital Ltd Raises Stock Holdings in Diversified Energy Company PLC $DEC

Tejara Capital Ltd raised its position in Diversified Energy Company PLC (NYSE:DEC) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,007,882 shares of the company’s stock after purchasing an additional 54,976 shares during the quarter. Diversified Energy accounts for about 6.8% of Tejara Capital Ltd’s holdings, making the stock its biggest holding. Tejara Capital Ltd’s holdings in Diversified Energy were worth $29,074,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Quarry LP increased its stake in shares of Diversified Energy by 1,595.2% in the third quarter. Quarry LP now owns 2,119 shares of the company’s stock valued at $30,000 after buying an additional 1,994 shares during the period. State of Alaska Department of Revenue acquired a new stake in Diversified Energy during the 3rd quarter worth approximately $47,000. Tower Research Capital LLC TRC boosted its position in Diversified Energy by 261.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock worth $74,000 after buying an additional 3,666 shares during the period. Guinness Asset Management LTD bought a new stake in Diversified Energy during the 3rd quarter worth approximately $106,000. Finally, SG Americas Securities LLC bought a new stake in Diversified Energy during the 4th quarter worth approximately $111,000. 26.51% of the stock is owned by institutional investors and hedge funds.

Diversified Energy Trading Up 3.4%

NYSE:DEC opened at $16.11 on Friday. Diversified Energy Company PLC has a 52 week low of $12.33 and a 52 week high of $18.90. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.47 and a current ratio of 0.47. The firm’s fifty day moving average is $15.90 and its 200-day moving average is $14.57. The firm has a market cap of $1.17 billion, a P/E ratio of 10.96 and a beta of -0.34.

Diversified Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 28th will be issued a $0.29 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.16 annualized dividend and a yield of 7.2%. Diversified Energy’s payout ratio is presently 78.91%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DEC. Zacks Research raised shares of Diversified Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 25th. KeyCorp boosted their price objective on shares of Diversified Energy from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Stephens assumed coverage on Diversified Energy in a report on Wednesday, April 15th. They issued an “overweight” rating and a $24.00 price objective for the company. Citigroup raised their target price on Diversified Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, March 17th. Finally, Truist Financial reduced their price target on Diversified Energy from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Diversified Energy currently has an average rating of “Moderate Buy” and a consensus price target of $21.83.

About Diversified Energy

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.