Atria Wealth Solutions Inc. Reduces Holdings in Shell plc (NYSE:SHEL)

Atria Wealth Solutions Inc. lowered its stake in Shell plc (NYSE:SHEL) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 53,816 shares of the energy company’s stock after selling 1,021 shares during the period. Atria Wealth Solutions Inc.’s holdings in Shell were worth $3,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA increased its position in shares of Shell by 14.7% in the 4th quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock worth $693,000 after purchasing an additional 1,348 shares during the last quarter. FMR LLC grew its position in shares of Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after buying an additional 6,554,340 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Shell by 5.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,843 shares of the energy company’s stock valued at $7,228,000 after buying an additional 6,138 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Shell by 11.0% during the third quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock valued at $40,771,000 after purchasing an additional 62,792 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of Shell by 16.2% during the 3rd quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock worth $4,594,000 after purchasing an additional 9,924 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of Shell stock opened at $73.27 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $67.62 and its 200-day simple moving average is $65.87. The stock has a market capitalization of $235.75 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.74 and a beta of 0.62. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The business had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same period in the prior year, the firm earned $2.76 EPS. Equities research analysts forecast that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were given a $0.662 dividend. This represents a $2.65 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio is currently 48.59%.

Analysts Set New Price Targets

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

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.