Shell plc (NYSE:SHEL) Holdings Raised by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. raised its position in shares of Shell plc (NYSE:SHEL) by 19.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,819 shares of the energy company’s stock after purchasing an additional 1,125 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Shell were worth $450,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new stake in Shell in the second quarter valued at approximately $26,000. Fortitude Family Office LLC bought a new position in shares of Shell during the 3rd quarter valued at $30,000. Triad Wealth Partners LLC bought a new stake in Shell in the second quarter worth $31,000. Fairscale Capital LLC acquired a new position in Shell during the second quarter worth $33,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Down 2.3 %

SHEL stock opened at $67.06 on Monday. Shell plc has a twelve month low of $60.34 and a twelve month 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. The company has a market cap of $208.70 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.02 and a beta of 0.56. The business’s 50-day simple moving average is $67.64 and its 200 day simple moving average is $70.37.

Shell Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently 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.