Cutter & CO Brokerage Inc. Has $945,000 Position in Shell plc (NYSE:SHEL)

Cutter & CO Brokerage Inc. lowered its holdings in shares of Shell plc (NYSE:SHEL) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,084 shares of the energy company’s stock after selling 1,202 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Shell were worth $945,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Foster Group Inc. boosted its stake in Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after buying an additional 162 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares in the last quarter. Warther Private Wealth LLC lifted its holdings in shares of Shell by 5.5% during the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock valued at $205,000 after acquiring an additional 169 shares during the period. Klingman & Associates LLC lifted its holdings in shares of Shell by 5.2% during the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after acquiring an additional 170 shares during the period. Finally, RHS Financial LLC lifted its holdings in shares of Shell by 3.1% during the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SHEL shares. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. Piper Sandler cut their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Wells Fargo & Company cut their price target on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Shell currently has an average rating of “Buy” and a consensus target price of $79.11.

Shell Stock Performance

Shares of NYSE:SHEL opened at $66.94 on Wednesday. The stock has a market capitalization of $203.57 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.98 and a beta of 0.54. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $65.09 and a two-hundred day moving average price of $66.70.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. Equities analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Friday, February 14th. Shell’s payout ratio is presently 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.