Avidian Wealth Enterprises LLC Lowers Stock Holdings in Shell plc (NYSE:SHEL)

Avidian Wealth Enterprises LLC decreased its position in shares of Shell plc (NYSE:SHEL - Free Report) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,743 shares of the energy company's stock after selling 5,575 shares during the quarter. Avidian Wealth Enterprises LLC's holdings in Shell were worth $1,362,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Shell during the third quarter worth approximately $121,000. Procyon Advisors LLC grew its stake in Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company's stock valued at $335,000 after acquiring an additional 159 shares during the period. Creative Planning grew its stake in Shell by 4.8% in the 3rd quarter. Creative Planning now owns 306,491 shares of the energy company's stock valued at $20,213,000 after acquiring an additional 13,904 shares during the period. Regatta Capital Group LLC raised its position in Shell by 1.9% during the third quarter. Regatta Capital Group LLC now owns 27,752 shares of the energy company's stock worth $1,830,000 after acquiring an additional 521 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in Shell by 5.5% during the third quarter. Foster Victor Wealth Advisors LLC now owns 4,380 shares of the energy company's stock valued at $299,000 after purchasing an additional 230 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Down 0.3 %

NYSE:SHEL traded down $0.22 on Friday, hitting $67.16. The stock had a trading volume of 2,934,808 shares, compared to its average volume of 4,037,361. The company has a fifty day moving average price of $64.56 and a two-hundred day moving average price of $66.89. The stock has a market cap of $205.33 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.98 and a beta of 0.54. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61.

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

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, February 14th. This is a positive change from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio (DPR) is 54.78%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SHEL. Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. Wells Fargo & Company lowered their target price on shares of Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Finally, UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $79.11.

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.