Advisors Asset Management Inc. Sells 4,516 Shares of Shell plc (NYSE:SHEL)

Advisors Asset Management Inc. lessened its position in shares of Shell plc (NYSE:SHEL - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,953 shares of the energy company's stock after selling 4,516 shares during the period. Advisors Asset Management Inc.'s holdings in Shell were worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares during the last quarter. Private Advisor Group LLC grew its position in Shell by 0.9% in the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock valued at $2,078,000 after acquiring an additional 301 shares during the last quarter. HF Advisory Group LLC lifted its holdings in shares of Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock worth $1,852,000 after acquiring an additional 4,028 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company's stock valued at $206,116,000 after purchasing an additional 46,293 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. grew its holdings in shares of Shell by 266.1% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock valued at $7,645,000 after purchasing an additional 88,700 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

SHEL has been the topic of a number of research analyst reports. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. TD Securities boosted their price objective on Shell from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, March 19th. TD Cowen initiated coverage on Shell in a research report on Wednesday, March 19th. They issued a "buy" rating and a $81.00 target price for the company. UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Finally, Piper Sandler cut their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $79.48.

Shell Trading Up 1.1 %

Shares of SHEL traded up $0.76 during trading hours on Tuesday, hitting $72.04. 7,373,017 shares of the stock were exchanged, compared to its average volume of 3,968,732. The firm has a market capitalization of $217.83 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The business has a 50-day moving average of $67.29 and a 200-day moving average of $66.28.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, research analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a $0.716 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 3.98%. This is a positive change from Shell's previous quarterly dividend of $0.69. Shell's payout ratio is currently 56.97%.

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.