Shell plc (NYSE:SHEL) Position Reduced by Wealth Alliance

Wealth Alliance decreased its position in shares of Shell plc (NYSE:SHEL) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,997 shares of the energy company’s stock after selling 283 shares during the period. Wealth Alliance’s holdings in Shell were worth $987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its position in Shell by 96,141.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company’s stock worth $818,414,000 after purchasing an additional 14,355,814 shares in the last quarter. Wellington Management Group LLP purchased a new position in Shell during the 1st quarter worth approximately $677,739,000. Norges Bank purchased a new position in Shell during the 4th quarter worth approximately $658,071,000. Arrowstreet Capital Limited Partnership purchased a new position in Shell during the 1st quarter worth approximately $549,346,000. Finally, FMR LLC grew its holdings 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 acquiring an additional 6,554,340 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

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

Shell Trading Down 1.2 %

Shell stock opened at $71.06 on Wednesday. The stock has a market cap of $228.64 billion, a P/E ratio of 12.55, a P/E/G ratio of 2.20 and a beta of 0.62. Shell plc has a 12 month low of $55.78 and a 12 month high of $73.94. The company’s fifty day simple moving average is $66.07 and its 200-day simple moving average is $65.36. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. The firm had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same period in the prior year, the company posted $2.76 earnings per share. As a group, sell-side analysts forecast that Shell plc will post 8.18 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were given a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio 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.