Healthcare of Ontario Pension Plan Trust Fund Lowers Stock Position in Shell plc (NYSE:SHEL)

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in Shell plc (NYSE:SHEL) by 17.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 96,044 shares of the energy company’s stock after selling 20,600 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Shell were worth $6,334,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Shell by 5.2% in the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after buying an additional 3,255,347 shares in the last quarter. Empyrean Capital Partners LP purchased a new stake in Shell during the second quarter worth about $151,578,000. Jennison Associates LLC lifted its position in shares of Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after purchasing an additional 1,967,672 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Shell by 65.7% in the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after purchasing an additional 673,624 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new stake in Shell during the 3rd quarter worth approximately $37,274,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Scotiabank cut their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Trading Down 0.3 %

Shell stock opened at $64.73 on Friday. The stock has a 50-day moving average price of $66.89 and a 200 day moving average price of $69.64. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $200.37 billion, a PE ratio of 13.32, a P/E/G ratio of 1.95 and a beta of 0.56. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be issued a $0.688 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.25%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

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.