Howe & Rusling Inc. Has $1.61 Million Stake in Shell plc (NYSE:SHEL)

Howe & Rusling Inc. lifted its holdings in shares of Shell plc (NYSE:SHEL) by 42.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,479 shares of the energy company’s stock after buying an additional 7,345 shares during the quarter. Howe & Rusling Inc.’s holdings in Shell were worth $1,614,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC grew its holdings in Shell by 6.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after purchasing an additional 225 shares during the period. Lazard Asset Management LLC grew its holdings in Shell by 21.0% during the first quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock valued at $3,009,000 after purchasing an additional 7,779 shares during the period. Creative Planning grew its holdings in Shell by 11.3% during the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after purchasing an additional 29,677 shares during the period. Raymond James & Associates grew its holdings in Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after purchasing an additional 673,624 shares during the period. Finally, Foresight Global Investors Inc. acquired a new position in Shell during the second quarter valued at approximately $1,472,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SHEL shares. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Barclays raised shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lifted their price target 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, Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $82.00.

Shell Price Performance

Shares of SHEL opened at $65.78 on Wednesday. The company has a market cap of $203.62 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.96 and a beta of 0.56. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company’s fifty day simple moving average is $67.31 and its 200 day simple moving average is $70.09. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be issued a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.18%. Shell’s payout ratio is 56.58%.

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.