Shell plc (NYSE:SHEL) Stake Increased by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. increased its holdings in Shell plc (NYSE:SHEL) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,766 shares of the energy company’s stock after acquiring an additional 5,564 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Shell were worth $8,192,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SHEL. Valley National Advisers Inc. boosted its position in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Shell during the 3rd quarter valued at about $30,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group bought a new position in Shell during the third quarter valued at approximately $35,000. Finally, GHP Investment Advisors Inc. lifted its stake in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Down 0.3 %

Shares of SHEL stock opened at $67.16 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The firm’s fifty day simple moving average is $64.56 and its 200 day simple moving average is $66.97. The firm has a market capitalization of $205.33 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, sell-side analysts predict that Shell plc will post 7.46 EPS for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.26%. Shell’s payout ratio is currently 54.78%.

Analyst Ratings Changes

SHEL has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. 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. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Piper Sandler reduced their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently 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.