Beaird Harris Wealth Management LLC Acquires 385 Shares of Shell plc (NYSE:SHEL)

Beaird Harris Wealth Management LLC grew its holdings in Shell plc (NYSE:SHEL) by 611.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 448 shares of the energy company’s stock after acquiring an additional 385 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Shell were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SHEL. FMR LLC lifted its position in Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares during the period. Fisher Asset Management LLC lifted its position in Shell by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock worth $1,504,920,000 after purchasing an additional 477,432 shares during the period. Morgan Stanley lifted its position in Shell by 4.3% during the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after purchasing an additional 384,967 shares during the period. Wellington Management Group LLP lifted its position in Shell by 10.7% during the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Shell by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 6,173,651 shares of the energy company’s stock worth $406,226,000 after acquiring an additional 143,910 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on SHEL shares. TD Securities increased their target price on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Wells Fargo & Company increased their target price on shares of Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, Argus increased their target price on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Shell currently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

Shell Stock Down 1.1 %

NYSE SHEL traded down $0.76 during mid-day trading on Friday, hitting $69.00. The company’s stock had a trading volume of 4,109,381 shares, compared to its average volume of 3,183,590. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $219.40 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.77 and a beta of 0.60. The company’s 50 day simple moving average is $71.77 and its 200 day simple moving average is $67.14. Shell plc has a twelve month low of $58.14 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. The firm had revenue of $74.70 billion for the quarter, compared to the consensus estimate of $88.03 billion. Shell had a net margin of 5.83% and a return on equity of 13.83%. Analysts anticipate that Shell plc will post 8.37 earnings per share for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be paid a $0.688 dividend. This is a boost from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Thursday, May 16th. Shell’s payout ratio is currently 50.74%.

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.