Principle Wealth Partners LLC Increases Stock Holdings in Shell plc (NYSE:SHEL)

Principle Wealth Partners LLC lifted its stake in Shell plc (NYSE:SHEL) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,065 shares of the energy company’s stock after purchasing an additional 200 shares during the quarter. Principle Wealth Partners LLC’s holdings in Shell were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHEL. Procyon Advisors LLC boosted its holdings in Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after acquiring an additional 159 shares during the period. Foster Group Inc. boosted its holdings in Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after acquiring an additional 162 shares during the period. GHP Investment Advisors Inc. boosted its holdings in Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the period. RHS Financial LLC boosted its holdings in Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after acquiring an additional 173 shares during the period. Finally, Doliver Advisors LP boosted its holdings in Shell by 5.2% during the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Up 1.9 %

Shares of NYSE:SHEL opened at $67.40 on Wednesday. The business’s 50-day moving average is $64.33 and its 200 day moving average is $67.03. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The firm has a market capitalization of $206.06 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, research analysts predict that Shell plc will post 7.46 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio is currently 56.97%.

Analyst Upgrades and Downgrades

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

Shell Company 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.