Keudell Morrison Wealth Management Sells 839 Shares of Shell plc (NYSE:SHEL)

Keudell Morrison Wealth Management lessened its stake in shares of Shell plc (NYSE:SHEL) by 18.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,595 shares of the energy company’s stock after selling 839 shares during the period. Keudell Morrison Wealth Management’s holdings in Shell were worth $225,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after purchasing an additional 2,545 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in shares of Shell by 6.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after acquiring an additional 225 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Shell by 1.5% in the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after acquiring an additional 46,293 shares during the period. HF Advisory Group LLC boosted its stake in shares of Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after acquiring an additional 4,028 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Shell by 3.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,008,002 shares of the energy company’s stock worth $63,151,000 after acquiring an additional 32,603 shares during the period. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SHEL shares. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. Scotiabank decreased their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Piper Sandler decreased 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 investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $79.11.

Shell Trading Down 1.3 %

Shares of SHEL stock opened at $65.82 on Friday. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $64.17 and its two-hundred day simple moving average is $67.36. The company has a market cap of $201.23 billion, a PE 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 data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.17% and a return on equity of 14.54%. Research analysts predict 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 paid a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.35%. Shell’s dividend payout ratio is currently 56.58%.

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.