Prospera Financial Services Inc Acquires 16,258 Shares of Shell plc (NYSE:SHEL)

Prospera Financial Services Inc raised its stake in Shell plc (NYSE:SHEL - Free Report) by 13.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,206 shares of the energy company's stock after purchasing an additional 16,258 shares during the quarter. Prospera Financial Services Inc's holdings in Shell were worth $8,917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Shell by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company's stock valued at $1,640,082,000 after acquiring an additional 96,549 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Shell by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company's stock valued at $450,180,000 after purchasing an additional 772,736 shares during the period. Mawer Investment Management Ltd. grew its holdings in Shell by 8.7% during the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company's stock valued at $348,405,000 after purchasing an additional 422,329 shares during the period. Westwood Global Investments LLC grew its holdings in Shell by 4.1% during the second quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company's stock valued at $183,808,000 after purchasing an additional 100,379 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Shell by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company's stock valued at $162,287,000 after purchasing an additional 136,139 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

NYSE SHEL traded down $0.63 during trading hours on Tuesday, reaching $65.69. 1,234,959 shares of the stock traded hands, compared to its average volume of 4,224,829. The stock has a 50 day simple moving average of $67.33 and a two-hundred day simple moving average of $70.13. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The company has a market cap of $203.34 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 1.96 and a beta of 0.56. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.19%. Shell's dividend payout ratio (DPR) is currently 56.58%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SHEL shares. Sanford C. Bernstein upgraded Shell to a "strong-buy" rating in a research report on Friday, October 11th. Royal Bank of Canada upgraded Shell to a "moderate buy" rating in a research report on Tuesday, July 30th. Barclays upgraded Shell to a "strong-buy" rating in a research report on Wednesday, October 2nd. Berenberg Bank upgraded Shell to a "strong-buy" rating in a research report on Monday, August 5th. Finally, Scotiabank lowered their price objective on Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Shell currently has an average rating of "Buy" and a consensus price target of $82.00.

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.