Bridgewater Associates LP Invests $8.78 Million in Shell plc (NYSE:SHEL)

Bridgewater Associates LP purchased a new position in Shell plc (NYSE:SHEL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 133,194 shares of the energy company’s stock, valued at approximately $8,784,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bayesian Capital Management LP purchased a new stake in shares of Shell in the first quarter worth about $221,000. Atria Investments Inc grew its holdings in shares of Shell by 7.1% in the first quarter. Atria Investments Inc now owns 70,729 shares of the energy company’s stock valued at $4,742,000 after purchasing an additional 4,659 shares in the last quarter. Burney Co. increased its position in Shell by 4.2% in the first quarter. Burney Co. now owns 32,118 shares of the energy company’s stock worth $2,153,000 after purchasing an additional 1,295 shares during the last quarter. Cetera Advisors LLC lifted its position in Shell by 57.9% during the first quarter. Cetera Advisors LLC now owns 72,842 shares of the energy company’s stock valued at $4,883,000 after purchasing an additional 26,723 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. purchased a new position in shares of Shell in the 1st quarter worth $748,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHEL has been the subject of a number of analyst reports. Scotiabank lowered their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company increased their target price on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Shell presently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Price Performance

Shares of SHEL stock opened at $64.91 on Friday. The company’s 50-day simple moving average is $66.97 and its two-hundred day simple moving average is $69.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a one year low of $60.34 and a one year high of $74.61. The company has a market capitalization of $200.93 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.95 and a beta of 0.56.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Shell 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.