Jackson Square Capital LLC Sells 41,710 Shares of Shell plc (NYSE:SHEL)

Jackson Square Capital LLC cut its stake in Shell plc (NYSE:SHEL - Free Report) by 58.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,123 shares of the energy company's stock after selling 41,710 shares during the period. Jackson Square Capital LLC's holdings in Shell were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Shell by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company's stock worth $1,640,082,000 after purchasing an additional 96,549 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Shell by 13.0% in 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 buying an additional 772,736 shares during the period. Westwood Global Investments LLC grew its holdings in Shell by 4.1% during the 2nd quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company's stock worth $183,808,000 after acquiring an additional 100,379 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Shell by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company's stock valued at $162,287,000 after acquiring an additional 136,139 shares during the last quarter. Finally, Mondrian Investment Partners LTD boosted its position in shares of Shell by 83.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company's stock worth $146,675,000 after purchasing an additional 993,342 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Up 0.4 %

Shares of Shell stock traded up $0.27 during trading on Thursday, reaching $68.62. The stock had a trading volume of 5,233,821 shares, compared to its average volume of 4,214,614. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $213.55 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.04 and a beta of 0.56. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The stock has a fifty day moving average price of $67.73 and a two-hundred day moving average price of $70.44.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Friday, November 15th. Shell's dividend payout ratio (DPR) is currently 56.58%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wolfe Research initiated coverage on Shell in a research note on Thursday, July 18th. They issued a "peer perform" rating on the stock. Barclays raised shares of Shell to a "strong-buy" rating in a research note on Wednesday, October 2nd. Royal Bank of Canada upgraded shares of Shell to a "moderate buy" rating in a report on Tuesday, July 30th. Berenberg Bank raised shares of Shell to a "strong-buy" rating in a report on Monday, August 5th. Finally, Citigroup upgraded Shell to a "hold" rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price 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.