Bradley Foster & Sargent Inc. CT Buys 5,408 Shares of Shell plc (NYSE:SHEL)

Bradley Foster & Sargent Inc. CT raised its position in shares of Shell plc (NYSE:SHEL) by 52.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,704 shares of the energy company’s stock after buying an additional 5,408 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Shell were worth $984,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after buying an additional 225 shares during the last quarter. HF Advisory Group LLC increased its position in Shell by 15.8% during the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after buying an additional 4,028 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in 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 valued at $206,116,000 after buying an additional 46,293 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. grew its stake in shares of Shell by 266.1% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock worth $7,645,000 after acquiring an additional 88,700 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SHEL. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price target 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 Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $79.11.

Shell Stock Down 2.5 %

Shell stock opened at $66.67 on Friday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The firm has a market cap of $202.75 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The business’s 50-day moving average price is $64.89 and its 200 day moving average price is $66.79. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate 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 anticipate that Shell plc will post 7.67 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 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 4.30%. Shell’s dividend payout ratio (DPR) is 56.97%.

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.