1,462 Shares in Shell plc (NYSE:SHEL) Bought by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. acquired a new position in Shell plc (NYSE:SHEL) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,462 shares of the energy company’s stock, valued at approximately $92,000.

Several other hedge funds have also modified their holdings of SHEL. Valley National Advisers Inc. grew its stake in Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of Shell in the fourth quarter valued at about $28,000. Human Investing LLC purchased a new stake in shares of Shell during the fourth quarter worth about $31,000. Millstone Evans Group LLC purchased a new position in Shell in the 4th quarter valued at about $36,000. Finally, Sierra Ocean LLC acquired a new stake in Shell in the 4th quarter worth about $39,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Down 0.7 %

NYSE SHEL opened at $72.74 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The stock has a market capitalization of $219.95 billion, a P/E ratio of 14.49, a PEG ratio of 0.98 and a beta of 0.47. The firm’s 50-day moving average is $67.68 and its two-hundred day moving average is $66.42. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61.

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 return on equity of 12.75% and a net margin of 5.57%. On average, sell-side analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were paid a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 3.94%. Shell’s dividend payout ratio is presently 56.97%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SHEL shares. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Shell in a research note on Wednesday. Wells Fargo & Company raised their price target on shares of Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 26th. TD Cowen assumed coverage on Shell in a report on Wednesday, March 19th. They set a “buy” rating and a $81.00 target price on the stock. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $80.10.

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.