Madison Investment Advisors LLC Invests $1.65 Million in Shell plc (NYSE:SHEL)

Madison Investment Advisors LLC bought a new stake in Shell plc (NYSE:SHEL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,300 shares of the energy company's stock, valued at approximately $1,648,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its position in Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company's stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Shell in the 4th quarter valued at approximately $91,716,000. Holocene Advisors LP increased its holdings in Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company's stock worth $248,870,000 after buying an additional 866,954 shares during the last quarter. Fisher Asset Management LLC raised its position in Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company's stock worth $1,617,796,000 after acquiring an additional 507,311 shares in the last quarter. Finally, Merewether Investment Management LP grew its position in shares of Shell by 41.0% in the 3rd quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company's stock valued at $101,877,000 after acquiring an additional 449,000 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Shell from $81.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Friday, January 3rd. Finally, TD Cowen began coverage on shares of Shell in a research note on Wednesday, March 19th. They set a "buy" rating and a $81.00 target price for the company. One equities research 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 company's stock. Based on data from MarketBeat, Shell currently has an average rating of "Buy" and an average target price of $80.10.

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Shell Stock Performance

Shares of NYSE:SHEL traded up $0.97 on Wednesday, reaching $73.00. 8,160,898 shares of the company's stock were exchanged, compared to its average volume of 4,000,051. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $220.73 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.98 and a beta of 0.47. The company has a fifty day moving average of $67.29 and a 200-day moving average of $66.28. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

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 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%. On average, research analysts predict that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a $0.716 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 3.92%. Shell's payout ratio is presently 56.97%.

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.