Wealthspire Advisors LLC Grows Position in Shell plc (NYSE:SHEL)

Wealthspire Advisors LLC lifted its holdings in shares of Shell plc (NYSE:SHEL) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,931 shares of the energy company’s stock after buying an additional 1,617 shares during the quarter. Wealthspire Advisors LLC’s holdings in Shell were worth $998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SHEL. Foster Group Inc. increased its position in shares of Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after buying an additional 162 shares during the period. GHP Investment Advisors Inc. increased its holdings in Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the period. Warther Private Wealth LLC lifted its stake in Shell by 5.5% in the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after purchasing an additional 169 shares in the last quarter. Klingman & Associates LLC grew its position in shares of Shell by 5.2% during the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after purchasing an additional 170 shares in the last quarter. Finally, RHS Financial LLC increased its holdings in shares of Shell by 3.1% in the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after purchasing an additional 173 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

Shares of Shell stock opened at $66.94 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a one year low of $60.15 and a one year high of $74.61. The business’s 50 day simple moving average is $65.09 and its two-hundred day simple moving average is $66.70. The stock has a market capitalization of $203.57 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last posted its quarterly earnings results 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%. Analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SHEL. Wells Fargo & Company reduced their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. 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 report on Friday, January 3rd. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Piper Sandler decreased their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Shell currently has a consensus rating of “Buy” and an average 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.