Adell Harriman & Carpenter Inc. Has $8.19 Million Stock Holdings in Shell plc (NYSE:SHEL)

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

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

Analyst Ratings Changes

SHEL has been the topic of a number of research analyst reports. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their price target 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 target price for the company in a research note on Friday, January 3rd. Wells Fargo & Company reduced their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $79.11.

Shell Trading Down 0.3 %

Shares of NYSE SHEL opened at $67.16 on Friday. The company’s 50 day simple moving average is $64.56 and its 200 day simple moving average is $66.97. 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 fifty-two week low of $60.15 and a fifty-two week high of $74.61. The firm has a market capitalization of $205.33 billion, a P/E ratio of 13.38, a P/E/G 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 earnings per share (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%. On average, 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. Investors of record on Friday, February 14th will be issued a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.26%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 54.78%.

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.