Steward Partners Investment Solutions LLC Purchases New Position in Shell plc (NYSE:SHEL)

Steward Partners Investment Solutions LLC bought a new position in shares of Shell plc (NYSE:SHELFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,043 shares of the energy company’s stock, valued at approximately $398,000.

A number of other large investors have also bought and sold shares of SHEL. FMR LLC grew its stake in shares of Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after acquiring an additional 6,554,340 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Shell by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock valued at $1,504,920,000 after buying an additional 477,432 shares in the last quarter. Morgan Stanley lifted its holdings in Shell by 4.3% during the 3rd quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock valued at $602,352,000 after purchasing an additional 384,967 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock valued at $562,866,000 after purchasing an additional 848,104 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Shell by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 6,173,651 shares of the energy company’s stock worth $406,226,000 after buying an additional 143,910 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

Shell stock opened at $70.00 on Tuesday. The stock’s 50 day moving average is $71.51 and its 200 day moving average is $66.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The firm has a market cap of $223.67 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.87 and a beta of 0.60. Shell plc has a one year low of $56.31 and a one year high of $74.61.

Shell (NYSE:SHELGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. The company had revenue of $74.70 billion for the quarter, compared to analyst estimates of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. As a group, research analysts expect that Shell plc will post 8.37 EPS for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be paid a $0.688 dividend. The ex-dividend date is Thursday, May 16th. This is a positive change from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a yield of 3.93%. Shell’s payout ratio is 50.74%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SHEL shares. Wells Fargo & Company lifted their target price on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. TD Securities lifted their target price on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.50.

Check Out Our Latest Research Report on SHEL

About Shell

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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