Sonora Investment Management Group LLC Has $433,000 Stock Holdings in Shell plc (NYSE:SHEL)

Sonora Investment Management Group LLC boosted its holdings in shares of Shell plc (NYSE:SHEL) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,912 shares of the energy company’s stock after acquiring an additional 285 shares during the quarter. Sonora Investment Management Group LLC’s holdings in Shell were worth $433,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SHEL. Crews Bank & Trust bought a new stake in shares of Shell in the 4th quarter valued at $93,000. Hanson & Doremus Investment Management boosted its stake in shares of Shell by 19.6% in the 4th quarter. Hanson & Doremus Investment Management now owns 5,906 shares of the energy company’s stock valued at $370,000 after purchasing an additional 969 shares during the last quarter. Ibex Wealth Advisors bought a new position in Shell during the fourth quarter worth $8,910,000. Iams Wealth Management LLC boosted its stake in Shell by 21.3% during the fourth quarter. Iams Wealth Management LLC now owns 30,545 shares of the energy company’s stock worth $1,914,000 after acquiring an additional 5,362 shares in the last quarter. Finally, R Squared Ltd bought a new position in Shell during the fourth quarter worth $160,000. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

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

Shell (NYSE:SHEL) last issued its earnings results 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 14.54% and a net margin of 5.17%. On average, research analysts expect that Shell plc will post 8.11 EPS for the current year.

Shell Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHEL. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Scotiabank lowered their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Shell currently has an average rating of “Buy” and a consensus price target 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.