Sagespring Wealth Partners LLC Takes Position in Shell plc (NYSE:SHEL)

Sagespring Wealth Partners LLC bought a new position in Shell plc (NYSE:SHEL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,845 shares of the energy company's stock, valued at approximately $554,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC lifted its stake in Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after purchasing an additional 21,118,234 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Shell by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock valued at $1,562,412,000 after buying an additional 408,088 shares during the last quarter. Wellington Management Group LLP grew its holdings in Shell by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock valued at $500,123,000 after buying an additional 238,705 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Shell by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock worth $377,352,000 after acquiring an additional 50,228 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Shell by 1.0% during the 4th quarter. Jennison Associates LLC now owns 3,045,043 shares of the energy company's stock valued at $190,772,000 after acquiring an additional 30,844 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. TD Cowen lowered their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays restated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Scotiabank lowered their price target on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Shell has a consensus rating of "Buy" and a consensus price target of $77.73.

Shell Trading Up 1.5 %

Shares of NYSE SHEL traded up $0.98 during mid-day trading on Friday, reaching $65.01. The company had a trading volume of 4,511,560 shares, compared to its average volume of 4,296,085. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.61. The business's 50-day moving average is $67.31 and its 200-day moving average is $66.09. The stock has a market cap of $196.58 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

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

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a dividend of $0.716 per share. This is an increase from Shell's previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.41%. Shell's dividend payout ratio is presently 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.