Everett Harris & Co. CA Grows Position in Shell plc (NYSE:SHEL)

Everett Harris & Co. CA raised its holdings in shares of Shell plc (NYSE:SHEL) by 35.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 309,269 shares of the energy company’s stock after purchasing an additional 81,025 shares during the period. Everett Harris & Co. CA’s holdings in Shell were worth $19,376,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Shell by 42.7% in the second quarter. AQR Capital Management LLC now owns 21,701 shares of the energy company’s stock valued at $1,566,000 after acquiring an additional 6,495 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Shell by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,165 shares of the energy company’s stock valued at $1,239,000 after acquiring an additional 337 shares in the last quarter. Truist Financial Corp boosted its position in Shell by 2.5% in the 2nd quarter. Truist Financial Corp now owns 305,661 shares of the energy company’s stock valued at $22,063,000 after buying an additional 7,327 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Shell by 0.7% in the 2nd quarter. Clearbridge Investments LLC now owns 90,242 shares of the energy company’s stock valued at $6,514,000 after buying an additional 610 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Shell in the 2nd quarter valued at approximately $10,505,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHEL has been the subject of several recent analyst reports. Wolfe Research upgraded shares of 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. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company decreased their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $79.11.

Shell Stock Performance

SHEL stock opened at $65.82 on Friday. The company has a 50 day moving average price of $64.17 and a 200 day moving average price of $67.36. The stock has a market capitalization of $201.23 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 6.46 and a beta of 0.55. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell (NYSE:SHEL) last released 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 net margin of 5.17% and a return on equity of 14.54%. Analysts forecast that Shell plc will post 8.11 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 paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.35%. This is a boost 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 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.