Shell plc (NYSE:SHEL) Stock Holdings Lifted by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. boosted its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,766 shares of the energy company's stock after purchasing an additional 5,564 shares during the quarter. Adell Harriman & Carpenter Inc.'s holdings in Shell were worth $8,192,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Valley National Advisers Inc. boosted its position in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after purchasing an additional 400 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Shell in the third quarter valued at approximately $30,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell in the 3rd quarter valued at $33,000. Brooklyn Investment Group purchased a new stake in Shell in the 3rd quarter valued at $35,000. Finally, GHP Investment Advisors Inc. grew its position in Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SHEL. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their target price on Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $79.11.

Shell Trading Down 0.3 %

SHEL stock traded down $0.21 during midday trading on Wednesday, hitting $67.61. The stock had a trading volume of 2,423,624 shares, compared to its average volume of 4,092,565. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The firm has a market cap of $205.63 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 0.97 and a beta of 0.54. The company's 50-day moving average price is $64.74 and its 200 day moving average price is $66.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

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

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.24%. This is an increase from Shell's previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. Shell's dividend payout ratio is 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.