Shell plc (NYSE:SHEL) Shares Purchased by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC grew its stake in Shell plc (NYSE:SHEL) by 5.8% during the 4th quarter, HoldingsChannel reports. The firm owned 23,421 shares of the energy company’s stock after buying an additional 1,281 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Shell were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHEL. FMR LLC lifted its stake in Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after buying an additional 6,554,340 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Shell by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock worth $1,504,920,000 after acquiring an additional 477,432 shares during the last quarter. Morgan Stanley increased its position in shares of Shell by 4.3% during the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after purchasing an additional 384,967 shares in the last quarter. Wellington Management Group LLP raised its stake in Shell by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock valued at $562,866,000 after purchasing an additional 848,104 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Shell by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,435,003 shares of the energy company’s stock worth $285,526,000 after purchasing an additional 409,016 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Up 0.4 %

Shares of NYSE SHEL traded up $0.26 during mid-day trading on Friday, hitting $72.37. The company had a trading volume of 4,407,390 shares, compared to its average volume of 4,739,239. Shell plc has a 1-year low of $55.78 and a 1-year high of $73.94. The company has a market capitalization of $232.86 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.72 and a beta of 0.59. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. The business’s 50-day simple moving average is $68.43 and its 200 day simple moving average is $66.03.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.83% and a return on equity of 13.78%. The company had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. During the same period in the prior year, the firm posted $2.76 EPS. On average, analysts predict that Shell plc will post 8.22 earnings per share for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is currently 50.74%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SHEL. TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. TD Securities lifted their price objective on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company raised their target price on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

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.