Wealthstream Advisors Inc. Buys 535 Shares of Shell plc (NYSE:SHEL)

Wealthstream Advisors Inc. lifted its position in Shell plc (NYSE:SHEL) by 10.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,452 shares of the energy company’s stock after purchasing an additional 535 shares during the period. Wealthstream Advisors Inc.’s holdings in Shell were worth $342,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHEL. Crestwood Advisors Group LLC boosted its stake in Shell by 15.9% during the fourth quarter. Crestwood Advisors Group LLC now owns 11,369 shares of the energy company’s stock valued at $712,000 after buying an additional 1,556 shares during the period. IFP Advisors Inc raised its holdings in shares of Shell by 4.9% in the 4th quarter. IFP Advisors Inc now owns 15,167 shares of the energy company’s stock valued at $950,000 after acquiring an additional 713 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Shell during the 4th quarter valued at about $629,000. Birchcreek Wealth Management LLC bought a new position in shares of Shell in the fourth quarter worth approximately $206,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Shell in the fourth quarter valued at approximately $549,000. 28.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Shell Stock Down 2.5 %

Shares of NYSE SHEL opened at $66.67 on Monday. The company has a market cap of $202.75 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.98 and a beta of 0.54. 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 firm’s fifty day moving average is $64.89 and its 200 day moving average is $66.76. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings data 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 net margin of 5.57% and a return on equity of 12.75%. On average, equities research analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is currently 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.