Shell plc (NYSE:SHEL) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its holdings in shares of Shell plc (NYSE:SHEL) by 30.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,920 shares of the energy company’s stock after acquiring an additional 8,539 shares during the period. Kestra Private Wealth Services LLC’s holdings in Shell were worth $2,313,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quotient Wealth Partners LLC boosted its stake in Shell by 164.1% in the fourth quarter. Quotient Wealth Partners LLC now owns 9,902 shares of the energy company’s stock valued at $620,000 after acquiring an additional 6,152 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Shell in the 4th quarter valued at about $1,023,000. Wilmington Savings Fund Society FSB increased its position in Shell by 17.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 45,544 shares of the energy company’s stock worth $2,853,000 after buying an additional 6,854 shares during the period. Kingsview Wealth Management LLC lifted its stake in Shell by 1.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 16,325 shares of the energy company’s stock valued at $1,023,000 after buying an additional 220 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its position in shares of Shell by 0.7% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 331,460 shares of the energy company’s stock worth $20,766,000 after acquiring an additional 2,453 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL opened at $67.40 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $64.33 and a 200-day simple moving average of $67.03. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a market capitalization of $206.06 billion, a PE ratio of 13.43, a P/E/G ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Equities research analysts predict that Shell plc will post 7.46 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a $0.716 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.25%. Shell’s payout ratio is currently 56.97%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SHEL. Wells Fargo & Company decreased their price target 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 upgraded 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 increased their price objective for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. Finally, Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $79.11.

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.