Shell plc (NYSE:SHEL) Shares Purchased by United Community Bank

United Community Bank boosted its holdings in shares of Shell plc (NYSE:SHEL) by 4.4% during the first quarter, HoldingsChannel.com reports. The firm owned 3,315 shares of the energy company’s stock after purchasing an additional 139 shares during the period. United Community Bank’s holdings in Shell were worth $222,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SHEL. Ameriprise Financial Inc. boosted its position in Shell by 3.8% during the third quarter. Ameriprise Financial Inc. now owns 770,814 shares of the energy company’s stock worth $49,630,000 after purchasing an additional 28,396 shares in the last quarter. Sei Investments Co. lifted its position in shares of Shell by 74.7% in the third quarter. Sei Investments Co. now owns 303,958 shares of the energy company’s stock valued at $19,569,000 after acquiring an additional 129,992 shares in the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of Shell in the third quarter valued at approximately $2,871,000. Penserra Capital Management LLC lifted its position in shares of Shell by 96.2% in the third quarter. Penserra Capital Management LLC now owns 15,120 shares of the energy company’s stock valued at $973,000 after acquiring an additional 7,415 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Shell by 4.3% in the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock valued at $602,352,000 after acquiring an additional 384,967 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

SHEL has been the topic of several research reports. Wells Fargo & Company decreased their target price on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Argus lifted their price objective on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, TD Securities lifted their price objective on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.25.

Shell Trading Up 0.3 %

SHEL stock traded up $0.20 during midday trading on Wednesday, hitting $72.78. 735,268 shares of the company’s stock were exchanged, compared to its average volume of 4,294,408. The business has a 50-day simple moving average of $71.53 and a two-hundred day simple moving average of $67.97. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $230.13 billion, a PE ratio of 13.40, a P/E/G ratio of 1.83 and a beta of 0.59. Shell plc has a 1-year low of $59.51 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last released its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping the consensus estimate of $1.87 by $0.51. Shell had a return on equity of 13.83% and a net margin of 5.83%. The firm had revenue of $74.70 billion during the quarter, compared to analysts’ expectations of $88.03 billion. On average, sell-side analysts predict that Shell plc will post 8.55 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, May 17th were given a dividend of $0.688 per share. This is a boost from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, May 16th. Shell’s dividend payout ratio is currently 50.74%.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.