Principle Wealth Partners LLC Buys 200 Shares of Shell plc (NYSE:SHEL)

Principle Wealth Partners LLC lifted its holdings in shares of Shell plc (NYSE:SHEL) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,065 shares of the energy company’s stock after buying an additional 200 shares during the period. Principle Wealth Partners LLC’s holdings in Shell were worth $443,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Equitable Trust Co. purchased a new stake in shares of Shell during the fourth quarter valued at $1,001,000. Savant Capital LLC boosted its position in shares of Shell by 4.5% during the fourth quarter. Savant Capital LLC now owns 16,311 shares of the energy company’s stock valued at $1,022,000 after buying an additional 702 shares during the last quarter. Angeles Wealth Management LLC boosted its position in Shell by 48.3% in the fourth quarter. Angeles Wealth Management LLC now owns 5,367 shares of the energy company’s stock worth $336,000 after purchasing an additional 1,747 shares during the last quarter. 17 Capital Partners LLC purchased a new position in Shell in the fourth quarter worth about $217,000. Finally, Kestra Private Wealth Services LLC boosted its position in Shell by 30.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 36,920 shares of the energy company’s stock worth $2,313,000 after purchasing an additional 8,539 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Up 1.9 %

Shares of SHEL opened at $67.40 on Wednesday. The business’s 50 day moving average is $64.33 and its 200 day moving average is $67.03. The company has a market capitalization of $206.06 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Research analysts expect that Shell plc will post 7.46 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.25%. Shell’s payout ratio is presently 56.97%.

Analyst Ratings Changes

Several brokerages have issued reports on SHEL. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Finally, 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. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Shell currently has an average rating of “Buy” and an average price target of $79.11.

About Shell

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.