Great Lakes Retirement Inc. Purchases Shares of 20,280 Shell plc (NYSE:SHEL)

Great Lakes Retirement Inc. bought a new stake in shares of Shell plc (NYSE:SHEL) during the 4th quarter, HoldingsChannel.com reports. The firm bought 20,280 shares of the energy company’s stock, valued at approximately $1,334,000.

Other large investors also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC raised its stake in Shell by 37.3% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 1,475,988 shares of the energy company’s stock valued at $89,120,000 after purchasing an additional 401,115 shares during the period. FMR LLC raised its stake in Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after purchasing an additional 6,554,340 shares during the period. LPL Financial LLC raised its stake in Shell by 11.0% during the 3rd quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock valued at $40,771,000 after purchasing an additional 62,792 shares during the period. Synovus Financial Corp grew its holdings in shares of Shell by 16.2% during the 3rd quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock valued at $4,594,000 after acquiring an additional 9,924 shares in the last quarter. Finally, Rathbones Group PLC grew its holdings in shares of Shell by 186.9% during the 3rd quarter. Rathbones Group PLC now owns 47,909 shares of the energy company’s stock valued at $3,060,000 after acquiring an additional 31,209 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Price Performance

NYSE:SHEL remained flat at $66.76 during trading hours on Wednesday. 2,810,813 shares of the company were exchanged, compared to its average volume of 4,687,658. The company has a market cap of $217.77 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61. Shell plc has a 12-month low of $55.53 and a 12-month high of $68.74. The business has a 50 day moving average of $63.87 and a 200-day moving average of $64.81. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The firm had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. During the same period in the prior year, the company posted $2.76 earnings per share. On average, sell-side analysts predict that Shell plc will post 8.25 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were issued a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is 48.59%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SHEL. TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. BNP Paribas cut shares of Shell from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 13th.

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 necessary to deliver gas to market.