M&G PLC Has $26.77 Million Stock Position in Diversified Energy Company PLC $DEC

M&G PLC raised its position in shares of Diversified Energy Company PLC (NYSE:DEC) by 11.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,915,325 shares of the company’s stock after acquiring an additional 200,000 shares during the period. M&G PLC owned approximately 3.97% of Diversified Energy worth $26,765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameriprise Financial Inc. acquired a new position in shares of Diversified Energy during the 2nd quarter worth about $53,894,000. Jupiter Asset Management Ltd. lifted its holdings in shares of Diversified Energy by 1.2% during the second quarter. Jupiter Asset Management Ltd. now owns 2,926,886 shares of the company’s stock worth $43,478,000 after buying an additional 34,406 shares during the last quarter. Tejara Capital Ltd boosted its position 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 valued at $27,360,000 after acquiring an additional 47,573 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Diversified Energy by 177.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock worth $16,060,000 after acquiring an additional 760,428 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Diversified Energy by 4.6% during the second quarter. Legal & General Group Plc now owns 897,365 shares of the company’s stock worth $13,329,000 after acquiring an additional 39,334 shares during the period. 26.51% of the stock is owned by institutional investors and hedge funds.

Diversified Energy Trading Up 0.5%

Diversified Energy stock opened at $13.23 on Monday. Diversified Energy Company PLC has a 52-week low of $10.08 and a 52-week high of $17.03. The stock has a fifty day moving average price of $13.65 and a two-hundred day moving average price 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. On average, equities research analysts predict that Diversified Energy Company PLC will post 0.18 EPS for the current year.

Insider Buying and Selling at Diversified Energy

In other news, Director Randall S. Wade sold 2,100,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 7,501,585 shares of the company’s stock, valued at $99,621,048.80. The trade was a 21.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Johnson Rice raised shares of Diversified Energy from an “accumulate” rating to a “buy” rating and increased their price target for the company from $19.00 to $23.00 in a report on Friday, December 5th. Wall Street Zen lowered Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of Diversified Energy in a report on Wednesday, January 21st. Zacks Research lowered Diversified Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, Mizuho lifted their price target on shares of Diversified Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.50.

Diversified Energy 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.