Wealthspire Advisors LLC Raises Stake in Shell plc (NYSE:SHEL)

Wealthspire Advisors LLC raised its holdings in shares of Shell plc (NYSE:SHEL) by 11.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,931 shares of the energy company’s stock after purchasing an additional 1,617 shares during the period. Wealthspire Advisors LLC’s holdings in Shell were worth $998,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after buying an additional 2,545 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after acquiring an additional 225 shares during the last quarter. HF Advisory Group LLC boosted its stake 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 purchasing an additional 4,028 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of 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 worth $206,116,000 after purchasing an additional 46,293 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. lifted its holdings 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 valued at $7,645,000 after purchasing an additional 88,700 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of Shell stock opened at $66.94 on Wednesday. The stock’s fifty day moving average is $65.09 and its 200 day moving average is $66.70. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The stock has a market cap of $203.57 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. Sell-side analysts anticipate that Shell plc will post 7.67 earnings per share 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. This represents a $2.86 annualized dividend and a dividend yield of 4.28%. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.97%.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of recent analyst reports. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective 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. Piper Sandler cut their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Wolfe Research raised 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. One 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 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.