KeyCorp Increases Diversified Energy (NYSE:DEC) Price Target to $19.00

Posted by Faye Duncan on Jan 9th, 2025

Diversified Energy (NYSE:DEC – Get Free Report) had its price target hoisted by equities researchers at KeyCorp from $18.00 to $19.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 14.46% from the company’s previous close.

Separately, Truist Financial upped their price objective on Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday.

Check Out Our Latest Stock Report on Diversified Energy

Diversified Energy Price Performance

Shares of DEC stock opened at $16.60 on Tuesday. The firm has a fifty day moving average price of $15.36 and a 200-day moving average price of $13.85. Diversified Energy has a 1 year low of $10.54 and a 1 year high of $17.70.

Institutional Trading of Diversified Energy

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new position in shares of Diversified Energy during the second quarter valued at approximately $1,983,000. Rhumbline Advisers purchased a new position in shares of Diversified Energy during the 2nd quarter valued at about $927,000. Jupiter Asset Management Ltd. lifted its holdings in shares of Diversified Energy by 77.5% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,634,877 shares of the company’s stock valued at $34,973,000 after buying an additional 1,150,794 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in Diversified Energy during the second quarter worth about $189,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Diversified Energy in the second quarter worth about $219,000. 26.51% of the stock is currently owned by institutional investors.

About Diversified Energy

(Get Free Report)

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.