Everett Harris & Co. CA Increases Stake in Shell plc (NYSE:SHEL)

Everett Harris & Co. CA increased its holdings in Shell plc (NYSE:SHEL) by 35.5% in the 4th quarter, Holdings Channel reports. The fund owned 309,269 shares of the energy company’s stock after buying an additional 81,025 shares during the quarter. Everett Harris & Co. CA’s holdings in Shell were worth $19,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC increased its holdings in Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after acquiring an additional 3,255,347 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after buying an additional 1,967,672 shares during the last quarter. Holocene Advisors LP increased its stake in shares of Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after acquiring an additional 866,954 shares during the period. Mediolanum International Funds Ltd purchased a new position in Shell in the third quarter valued at $37,274,000. Finally, Fisher Asset Management LLC lifted its holdings in Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after purchasing an additional 507,311 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL stock opened at $65.82 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The firm has a 50 day moving average of $64.17 and a 200-day moving average of $67.36. The company has a market cap of $201.23 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 6.46 and a beta of 0.55.

Shell (NYSE:SHEL) last issued its quarterly 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 return on equity of 14.54% and a net margin of 5.17%. On average, equities analysts forecast that Shell plc will post 8.11 earnings per share for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.35%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analyst Ratings Changes

A number of brokerages have commented on SHEL. Scotiabank reduced their target price 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. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $79.11.

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.