Shell plc (NYSE:SHEL) Shares Acquired by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. lifted its stake in shares of Shell plc (NYSE:SHEL) by 16.8% in the fourth quarter, Holdings Channel reports. The firm owned 104,532 shares of the energy company’s stock after buying an additional 15,032 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Shell were worth $6,878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its stake in 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 acquiring an additional 6,554,340 shares in the last quarter. Invesco Ltd. boosted its holdings in Shell by 162.9% in the 3rd quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock valued at $113,538,000 after purchasing an additional 1,092,670 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Shell by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock valued at $562,866,000 after purchasing an additional 848,104 shares during the last quarter. L1 Capital Pty Ltd boosted its holdings in Shell by 188.7% in the 3rd quarter. L1 Capital Pty Ltd now owns 1,224,617 shares of the energy company’s stock valued at $78,841,000 after purchasing an additional 800,365 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Shell by 7,154.1% in the 3rd quarter. Lazard Asset Management LLC now owns 785,622 shares of the energy company’s stock valued at $50,578,000 after purchasing an additional 774,792 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Shell Stock Down 0.2 %

Shares of NYSE:SHEL traded down $0.15 during trading on Monday, hitting $73.12. 2,830,453 shares of the company were exchanged, compared to its average volume of 4,717,480. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. The firm’s 50 day moving average price is $67.62 and its 200-day moving average price is $65.86. The stock has a market capitalization of $235.27 billion, a P/E ratio of 12.95, a PEG ratio of 1.74 and a beta of 0.62. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $89.59 billion. During the same period in the prior year, the company earned $2.76 earnings per share. On average, research analysts predict that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were given a $0.662 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a yield of 3.62%. Shell’s dividend payout ratio (DPR) is 48.59%.

About Shell

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.