Jennison Associates LLC Raises Holdings in Shell plc (NYSE:SHEL)

Jennison Associates LLC lifted its holdings in shares of Shell plc (NYSE:SHEL) by 3.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,128,216 shares of the energy company’s stock after acquiring an additional 34,459 shares during the period. Jennison Associates LLC’s holdings in Shell were worth $74,237,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Provence Wealth Management Group purchased a new stake in shares of Shell during the third quarter worth about $26,000. VisionPoint Advisory Group LLC purchased a new stake in Shell in the third quarter valued at approximately $26,000. Rise Advisors LLC boosted its position in Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 189 shares during the last quarter. Valley National Advisers Inc. boosted its position in Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 283 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Shell in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.5 %

Shares of NYSE:SHEL opened at $72.40 on Tuesday. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94. The company has a market capitalization of $232.95 billion, a PE ratio of 12.79, a PEG ratio of 2.22 and a beta of 0.62. The business has a 50 day moving average of $66.85 and a two-hundred day moving average of $65.66. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The company had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. During the same period in the previous year, the company posted $2.76 earnings per share. As a group, analysts forecast that Shell plc will post 8.12 EPS for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s payout ratio is 48.59%.

Wall Street Analysts Forecast Growth

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

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.