Northwest & Ethical Investments L.P. Reduces Stock Position in Shell plc (NYSE:SHEL)

Northwest & Ethical Investments L.P. trimmed its holdings in Shell plc (NYSE:SHEL - Free Report) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 295,907 shares of the energy company's stock after selling 26,784 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Shell were worth $18,539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company's stock valued at $4,306,465,000 after buying an additional 3,255,347 shares during the period. Jennison Associates LLC increased its position in Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company's stock valued at $198,786,000 after acquiring an additional 1,967,672 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Shell in the fourth quarter worth about $91,716,000. Holocene Advisors LP increased its position in shares of Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company's stock valued at $248,870,000 after purchasing an additional 866,954 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Shell by 2.1% in 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 buying an additional 507,311 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

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Shell Price Performance

Shell stock traded up $0.32 during mid-day trading on Monday, reaching $71.33. 4,391,995 shares of the company's stock traded hands, compared to its average volume of 3,964,665. The stock has a 50 day moving average of $67.05 and a two-hundred day moving average of $66.22. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a market cap of $215.69 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.98 and a beta of 0.47.

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 (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%. Equities analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend 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 56.97%.

Analyst Ratings Changes

SHEL has been the topic of several recent research reports. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Piper Sandler lowered their target price on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price target on Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $79.48.

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.