Nelson Capital Management LLC Trims Stock Position in Shell plc (NYSE:SHEL)

Nelson Capital Management LLC reduced its holdings in shares of Shell plc (NYSE:SHEL) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,955 shares of the energy company’s stock after selling 769 shares during the period. Nelson Capital Management LLC’s holdings in Shell were worth $2,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SHEL. Brighton Jones LLC lifted its position in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after purchasing an additional 2,545 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after acquiring an additional 225 shares during the period. HF Advisory Group LLC lifted its holdings in Shell by 15.8% during the fourth 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 in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Shell by 1.5% during the 3rd 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 in the last quarter. Finally, Lockheed Martin Investment Management Co. boosted its holdings in Shell by 266.1% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock worth $7,645,000 after buying an additional 88,700 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.1 %

SHEL opened at $66.94 on Wednesday. The stock’s 50 day moving average price is $65.09 and its 200-day moving average price 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 price-to-earnings ratio of 13.33, a P/E/G ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last released its quarterly earnings data 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 net margin of 5.57% and a return on equity of 12.75%. On average, equities analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently declared 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 is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.28%. Shell’s dividend payout ratio is presently 56.97%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SHEL shares. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $79.11.

Shell 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.