PDS Planning Inc Buys 978 Shares of Shell plc (NYSE:SHEL)

PDS Planning Inc boosted its stake in Shell plc (NYSE:SHEL) by 10.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,934 shares of the energy company’s stock after purchasing an additional 978 shares during the quarter. PDS Planning Inc’s holdings in Shell were worth $655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in Shell by 1,293.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,898 shares of the energy company’s stock worth $462,000 after buying an additional 6,403 shares during the last quarter. Norden Group LLC increased its holdings in Shell by 72.5% during the 1st quarter. Norden Group LLC now owns 10,015 shares of the energy company’s stock worth $671,000 after purchasing an additional 4,210 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Shell by 5.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 116,199 shares of the energy company’s stock worth $7,790,000 after purchasing an additional 6,356 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Shell by 1.2% during the first quarter. Janney Montgomery Scott LLC now owns 144,885 shares of the energy company’s stock valued at $9,713,000 after buying an additional 1,728 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in Shell during the first quarter worth $467,000. 28.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of analyst reports. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research initiated coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Scotiabank lowered their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $82.00.

Shell Price Performance

NYSE SHEL opened at $67.74 on Tuesday. The firm’s 50-day simple moving average is $67.97 and its two-hundred day simple moving average is $70.49. The company has a market cap of $210.82 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

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.