Great Lakes Retirement Inc. Has $1.70 Million Position in Shell plc (NYSE:SHEL)

Great Lakes Retirement Inc. raised its holdings in shares of Shell plc (NYSE:SHEL) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 27,139 shares of the energy company’s stock after purchasing an additional 948 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Shell were worth $1,700,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SHEL. Brighton Jones LLC boosted its position in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in Shell by 6.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after acquiring an additional 225 shares in the last quarter. HF Advisory Group LLC grew its stake in Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after acquiring an additional 4,028 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Shell by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after purchasing an additional 46,293 shares during the period. Finally, Lockheed Martin Investment Management Co. lifted its holdings in shares of Shell by 266.1% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock valued at $7,645,000 after purchasing an additional 88,700 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SHEL shares. Piper Sandler cut their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company reduced their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $79.11.

Shell Stock Performance

Shares of SHEL stock opened at $67.40 on Wednesday. The business’s 50-day moving average price is $64.33 and its 200-day moving average price is $67.03. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $206.06 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Equities research analysts forecast that Shell plc will post 7.46 EPS for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.25%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is 54.78%.

Shell Profile

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.