Advisors Asset Management Inc. Has $3.05 Million Position in Shell plc (NYSE:SHEL)

Advisors Asset Management Inc. grew its stake in shares of Shell plc (NYSE:SHEL) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,429 shares of the energy company’s stock after acquiring an additional 944 shares during the period. Advisors Asset Management Inc.’s holdings in Shell were worth $3,046,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Shell by 4.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 354,020 shares of the energy company’s stock worth $23,294,000 after purchasing an additional 13,497 shares in the last quarter. IFG Advisory LLC bought a new stake in Shell during the fourth quarter worth about $207,000. Procyon Advisors LLC acquired a new position in shares of Shell in the 4th quarter valued at approximately $246,000. Clear Harbor Asset Management LLC bought a new stake in Shell during the fourth quarter worth $246,000. Finally, Abacus Planning Group Inc. grew its holdings in shares of Shell by 3.5% during the 4th quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock valued at $329,000 after purchasing an additional 169 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on SHEL shares. Wells Fargo & Company reduced their price target on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Scotiabank cut their price target on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Wolfe Research assumed coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. TD Securities increased their price objective on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Argus lifted their price objective on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Shell presently has a consensus rating of “Moderate Buy” and an average target price of $73.40.

Shell Stock Down 0.1 %

NYSE SHEL traded down $0.04 during mid-day trading on Friday, hitting $72.05. The company’s stock had a trading volume of 2,821,584 shares, compared to its average volume of 2,886,992. Shell plc has a twelve month low of $59.51 and a twelve month high of $74.61. The firm has a market capitalization of $227.83 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.64 and a beta of 0.59. 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 company’s 50 day simple moving average is $71.44 and its 200 day simple moving average is $68.54.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.51. The business had revenue of $74.70 billion for the quarter, compared to analysts’ expectations of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. Analysts anticipate that Shell plc will post 8.53 earnings per share for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, May 17th were paid a dividend of $0.688 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.75 annualized dividend and a dividend yield of 3.82%. This is a positive change from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is presently 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.