Rakuten Securities Inc. Has $41,000 Stake in Shell plc (NYSE:SHEL)

Rakuten Securities Inc. boosted its holdings in shares of Shell plc (NYSE:SHEL) by 567.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 627 shares of the energy company’s stock after purchasing an additional 533 shares during the period. Rakuten Securities Inc.’s holdings in Shell were worth $41,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. NorthCrest Asset Manangement LLC grew its holdings in Shell by 6.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after purchasing an additional 225 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Shell by 21.0% in the 1st quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock worth $3,009,000 after acquiring an additional 7,779 shares during the period. Creative Planning boosted its holdings in Shell by 11.3% during the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after acquiring an additional 29,677 shares during the period. Raymond James & Associates grew its position in shares of Shell by 65.7% in the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after purchasing an additional 673,624 shares during the last quarter. Finally, Foresight Global Investors Inc. acquired a new position in shares of Shell during the 2nd quarter worth about $1,472,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 1.9 %

NYSE SHEL opened at $65.57 on Wednesday. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. 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 stock’s 50 day moving average is $67.47 and its two-hundred day moving average is $70.27. The company has a market capitalization of $204.06 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 2.01 and a beta of 0.56.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 annualized dividend and a yield of 4.20%. Shell’s dividend payout ratio is currently 56.58%.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.