Fortress Investment Group LLC Invests $4.98 Million in Diversified Energy Company PLC $DEC

Fortress Investment Group LLC purchased a new stake in shares of Diversified Energy Company PLC (NYSE:DEC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 355,242 shares of the company’s stock, valued at approximately $4,977,000. Diversified Energy comprises approximately 0.7% of Fortress Investment Group LLC’s holdings, making the stock its 25th biggest position. Fortress Investment Group LLC owned 0.74% of Diversified Energy as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in Diversified Energy by 11.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,108,991 shares of the company’s stock valued at $57,567,000 after acquiring an additional 435,222 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Diversified Energy by 47.6% in the 3rd quarter. Citadel Advisors LLC now owns 2,379,205 shares of the company’s stock worth $33,333,000 after purchasing an additional 767,378 shares in the last quarter. Tejara Capital Ltd raised its stake in shares of Diversified Energy by 2.5% in the third quarter. Tejara Capital Ltd now owns 1,952,906 shares of the company’s stock worth $27,360,000 after purchasing an additional 47,573 shares during the last quarter. M&G PLC lifted its holdings in shares of Diversified Energy by 11.7% during the third quarter. M&G PLC now owns 1,915,325 shares of the company’s stock valued at $26,765,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Diversified Energy by 177.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock valued at $16,060,000 after buying an additional 760,428 shares during the last quarter. Institutional investors own 26.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DEC. William Blair initiated coverage on Diversified Energy in a research report on Tuesday, November 18th. They issued an “outperform” rating for the company. Wall Street Zen downgraded shares of Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Zacks Research cut shares of Diversified Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Citigroup decreased their target price on shares of Diversified Energy from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Finally, Mizuho increased their price target on Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Diversified Energy currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Insider Transactions at Diversified Energy

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $13.28, for a total value of $27,888,000.00. Following the completion of the sale, the director owned 7,501,585 shares in the company, valued at $99,621,048.80. This represents a 21.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Diversified Energy Stock Performance

Shares of NYSE DEC opened at $14.60 on Monday. Diversified Energy Company PLC has a 12-month low of $10.08 and a 12-month high of $16.85. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.93 and a beta of 0.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.73. The firm has a 50 day moving average of $13.46 and a 200 day moving average of $14.00.

Diversified Energy (NYSE:DEC) last issued its quarterly earnings results on Friday, February 6th. The company reported $2.28 earnings per share for the quarter. On average, research analysts anticipate that Diversified Energy Company PLC will post 0.18 earnings per share for the current year.

Diversified Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Friday, May 29th. Diversified Energy’s payout ratio is currently 78.91%.

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.