Northwest & Ethical Investments L.P. Sells 26,784 Shares of Shell plc (NYSE:SHEL)

Northwest & Ethical Investments L.P. trimmed its position in shares of Shell plc (NYSE:SHEL) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 295,907 shares of the energy company’s stock after selling 26,784 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Shell were worth $18,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Shell by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock worth $1,562,412,000 after acquiring an additional 408,088 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Shell by 0.9% in the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after acquiring an additional 55,637 shares during the period. Holocene Advisors LP boosted its holdings in shares of Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after acquiring an additional 866,954 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings 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 acquiring an additional 46,293 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Trading Up 0.8 %

NYSE SHEL opened at $71.56 on Thursday. The company has a market capitalization of $216.39 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.98 and a beta of 0.47. The stock’s 50-day simple moving average is $66.78 and its two-hundred day simple moving average is $66.22. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 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%. Research analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.00%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. TD Cowen assumed coverage on Shell in a research report on Wednesday. They issued a “buy” rating and a $81.00 price objective on the stock. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Piper Sandler lowered their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, TD Securities increased their price objective on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Shell presently has an average rating of “Buy” and a consensus target price of $79.48.

Shell Company 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.