Baldwin Investment Management LLC Decreases Holdings in Shell plc (NYSE:SHEL)

Baldwin Investment Management LLC lowered its holdings in shares of Shell plc (NYSE:SHEL) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,682 shares of the energy company’s stock after selling 337 shares during the period. Baldwin Investment Management LLC’s holdings in Shell were worth $573,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SHEL. NorthCrest Asset Manangement LLC lifted its stake in shares of Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after acquiring an additional 225 shares during the last quarter. Creative Planning grew its holdings in shares of Shell by 11.3% in the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after purchasing an additional 29,677 shares during the last quarter. Raymond James & Associates increased its stake in shares of Shell by 65.7% in the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after buying an additional 673,624 shares during the period. Foresight Global Investors Inc. bought a new stake in Shell during the 2nd quarter valued at $1,472,000. Finally, Mawer Investment Management Ltd. grew its holdings in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after acquiring an additional 422,329 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SHEL shares. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank dropped their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company boosted their target price on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $82.00.

Shell Trading Up 0.2 %

Shell stock opened at $64.90 on Thursday. Shell plc has a one year low of $60.34 and a one year high of $74.61. The business’s fifty day moving average is $67.12 and its 200 day moving average is $69.77. The stock has a market capitalization of $200.89 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.95 and a beta of 0.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be given a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.24%. Shell’s dividend payout ratio (DPR) is 56.58%.

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.