Shell plc (NYSE:SHEL) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC raised its stake in shares of Shell plc (NYSE:SHEL) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,821 shares of the energy company’s stock after buying an additional 1,794 shares during the quarter. MML Investors Services LLC’s holdings in Shell were worth $8,364,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in Shell by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after buying an additional 142 shares during the period. Lester Murray Antman dba SimplyRich raised its holdings in Shell by 0.6% in the second quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock valued at $1,941,000 after buying an additional 158 shares during the period. Procyon Advisors LLC grew its stake in Shell by 3.2% during the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after buying an additional 159 shares during the period. GHP Investment Advisors Inc. increased 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 acquiring an additional 163 shares in the last quarter. Finally, Waldron Private Wealth LLC lifted its holdings in shares of Shell by 4.1% during the 2nd quarter. Waldron Private Wealth LLC now owns 4,169 shares of the energy company’s stock valued at $301,000 after acquiring an additional 165 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on SHEL shares. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company dropped their target price on Shell from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Scotiabank lowered their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report 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. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $81.75.

Shell Trading Up 0.2 %

NYSE SHEL opened at $64.53 on Thursday. The company’s fifty day moving average price is $66.42 and its two-hundred day moving average price is $69.21. The company has a market capitalization of $199.75 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.94 and a beta of 0.55. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. 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 Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.26%. Shell’s dividend payout ratio (DPR) is 56.58%.

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.