Avestar Capital LLC Buys 485 Shares of Shell plc (NYSE:SHEL)

Avestar Capital LLC raised its stake in shares of Shell plc (NYSE:SHEL) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,223 shares of the energy company’s stock after acquiring an additional 485 shares during the quarter. Avestar Capital LLC’s holdings in Shell were worth $327,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Shell in the third quarter valued at about $121,000. Creative Planning raised its holdings in shares of Shell by 4.8% in the third quarter. Creative Planning now owns 306,491 shares of the energy company’s stock valued at $20,213,000 after buying an additional 13,904 shares during the last quarter. Good Life Advisors LLC raised its holdings in shares of Shell by 11.9% in the third quarter. Good Life Advisors LLC now owns 4,368 shares of the energy company’s stock valued at $288,000 after buying an additional 463 shares during the last quarter. Cardinal Capital Management raised its holdings in shares of Shell by 0.8% in the third quarter. Cardinal Capital Management now owns 55,362 shares of the energy company’s stock valued at $3,651,000 after buying an additional 418 shares during the last quarter. Finally, Ellsworth Advisors LLC raised its holdings in shares of Shell by 18.4% in the third quarter. Ellsworth Advisors LLC now owns 20,885 shares of the energy company’s stock valued at $1,377,000 after buying an additional 3,239 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of research analyst reports. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Piper Sandler lowered their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Shell presently has an average rating of “Buy” and an average price target of $79.11.

Shell Price Performance

Shell stock opened at $67.16 on Friday. The firm has a market capitalization of $205.33 billion, a P/E ratio of 13.38, a PEG ratio of 0.98 and a beta of 0.54. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The business has a 50-day moving average of $64.56 and a 200-day moving average of $66.97. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, equities analysts anticipate that Shell plc will post 7.46 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.26%. Shell’s payout ratio is presently 54.78%.

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.