Harvest Portfolios Group Inc. Has $17.85 Million Stock Holdings in Shell plc (NYSE:SHEL)

Harvest Portfolios Group Inc. lifted its stake in shares of Shell plc (NYSE:SHEL) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 270,631 shares of the energy company’s stock after purchasing an additional 8,725 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Shell were worth $17,848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. NorthCrest Asset Manangement LLC raised its holdings 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 worth $247,000 after buying an additional 225 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Shell by 21.0% in the first quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock worth $3,009,000 after acquiring an additional 7,779 shares during the last quarter. Creative Planning grew its holdings in shares of Shell by 11.3% during the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after purchasing an additional 29,677 shares during the last quarter. Raymond James & Associates increased its position in Shell by 65.7% during the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares in the last quarter. Finally, Foresight Global Investors Inc. acquired a new stake in Shell in the second quarter valued at approximately $1,472,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 1.6 %

Shares of Shell stock opened at $67.16 on Wednesday. The firm has a market cap of $209.01 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.86 and a beta of 0.56. The stock’s 50-day moving average is $67.88 and its 200 day moving average is $70.47. 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 plc has a one year low of $60.34 and a one year high of $74.61.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.10%. Shell’s dividend payout ratio is currently 56.58%.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of research reports. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $82.00.

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.