Stonebridge Financial Group LLC Invests $100,000 in Shell plc (NYSE:SHEL)

Stonebridge Financial Group LLC purchased a new position in shares of Shell plc (NYSE:SHEL) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,598 shares of the energy company’s stock, valued at approximately $100,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sapient Capital LLC boosted its position in shares of Shell by 9.1% in the fourth quarter. Sapient Capital LLC now owns 244,845 shares of the energy company’s stock valued at $15,340,000 after acquiring an additional 20,332 shares during the period. Principle Wealth Partners LLC boosted its holdings in Shell by 2.9% in the 4th quarter. Principle Wealth Partners LLC now owns 7,065 shares of the energy company’s stock valued at $443,000 after purchasing an additional 200 shares during the period. Equitable Trust Co. acquired a new position in shares of Shell during the 4th quarter worth approximately $1,001,000. Savant Capital LLC raised its position in shares of Shell by 4.5% in the fourth quarter. Savant Capital LLC now owns 16,311 shares of the energy company’s stock valued at $1,022,000 after buying an additional 702 shares in the last quarter. Finally, Angeles Wealth Management LLC boosted its stake in shares of Shell by 48.3% in the fourth quarter. Angeles Wealth Management LLC now owns 5,367 shares of the energy company’s stock valued at $336,000 after buying an additional 1,747 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Down 0.9 %

NYSE:SHEL opened at $66.75 on Thursday. 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 plc has a one year low of $60.15 and a one year high of $74.61. The firm’s 50 day simple moving average is $64.42 and its 200 day simple moving average is $67.00. The company has a market cap of $204.09 billion, a PE ratio of 13.30, a P/E/G ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last issued 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%. On average, research analysts anticipate that Shell plc will post 7.46 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a $0.716 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s payout ratio is currently 54.78%.

Analyst Ratings Changes

Several brokerages have weighed in on SHEL. Wells Fargo & Company dropped their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Piper Sandler decreased 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 upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. One equities 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. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $79.11.

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.