Nwam LLC Reduces Stock Holdings in Shell plc (NYSE:SHEL)

Nwam LLC decreased its position in Shell plc (NYSE:SHEL) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,483 shares of the energy company’s stock after selling 162 shares during the period. Nwam LLC’s holdings in Shell were worth $594,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Shell by 45.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,181 shares of the energy company’s stock valued at $1,067,000 after acquiring an additional 5,050 shares during the period. Goldstone Financial Group LLC bought a new stake in Shell during the 3rd quarter valued at $329,000. Stephens Inc. AR raised its holdings in Shell by 3.5% during the 3rd quarter. Stephens Inc. AR now owns 169,488 shares of the energy company’s stock valued at $11,178,000 after acquiring an additional 5,800 shares during the period. Lebenthal Global Advisors LLC raised its holdings in Shell by 16.1% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 9,276 shares of the energy company’s stock valued at $612,000 after acquiring an additional 1,289 shares during the period. Finally, Caas Capital Management LP raised its holdings in Shell by 7.4% during the 3rd quarter. Caas Capital Management LP now owns 29,000 shares of the energy company’s stock valued at $1,913,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Shell Trading Up 0.2 %

NYSE SHEL opened at $67.42 on Friday. The stock’s 50-day simple moving average is $65.36 and its two-hundred day simple moving average is $66.71. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $205.03 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Research analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio (DPR) is 56.97%.

About Shell

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.