Pittenger & Anderson Inc. Grows Stake in Shell plc (NYSE:SHEL)

Pittenger & Anderson Inc. increased its holdings in shares of Shell plc (NYSE:SHEL) by 190.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 44,825 shares of the energy company’s stock after acquiring an additional 29,410 shares during the period. Pittenger & Anderson Inc.’s holdings in Shell were worth $2,949,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Provence Wealth Management Group purchased a new stake in Shell during the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC acquired a new position in shares of Shell during the 3rd quarter valued at about $26,000. Rise Advisors LLC increased its position in Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 189 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in Shell by 217.7% in the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 283 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Shell during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Up 0.2 %

SHEL traded up $0.14 during mid-day trading on Thursday, hitting $73.27. 3,075,520 shares of the stock were exchanged, compared to its average volume of 4,737,600. The company has a market cap of $235.75 billion, a PE ratio of 12.92, a PEG ratio of 1.73 and a beta of 0.62. Shell plc has a 1-year low of $55.78 and a 1-year high of $73.94. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average is $67.23 and its two-hundred day moving average is $65.77.

Shell (NYSE:SHEL) last released its 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 firm had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. During the same period last year, the business posted $2.76 earnings per share. Equities analysts forecast 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. Shareholders of record on Friday, February 16th were paid a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio is presently 48.59%.

Analyst Upgrades and Downgrades

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.