Diversified Energy initiated with a Buy at Truist

Truist initiated coverage of Diversified Energy (DEC) with a Buy rating and $22 price target The firm says the company’s securitizes low-decline, stable, and heavily hedged cash flowing assets via its roll-up strategy. This provides stable cash flow to support an “attractive” dividend yield of 8%, one of the highest in the group, the analyst tells investors in a research note.