Madison Investment Advisors LLC Takes $1.65 Million Position in Shell plc (NYSE:SHEL)

Madison Investment Advisors LLC purchased a new position in Shell plc (NYSE:SHEL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,300 shares of the energy company’s stock, valued at approximately $1,648,000.

A number of other large investors also recently bought and sold shares of the business. Foster Group Inc. raised its holdings in Shell by 5.0% in the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after purchasing an additional 162 shares during the period. Warther Private Wealth LLC raised its holdings in Shell by 5.5% in the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after purchasing an additional 169 shares during the period. Klingman & Associates LLC raised its holdings in Shell by 5.2% in the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock worth $214,000 after purchasing an additional 170 shares during the period. RHS Financial LLC raised its holdings in Shell by 3.1% in the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after purchasing an additional 173 shares during the period. Finally, Doliver Advisors LP raised its holdings in shares of Shell by 5.2% during the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. Finally, TD Cowen started coverage on Shell in a research report on Wednesday. They issued a “buy” rating and a $81.00 price target for the company. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Shell has a consensus rating of “Buy” and a consensus target price of $79.48.

Shell Trading Down 1.2 %

Shares of Shell stock opened at $71.08 on Friday. The firm has a market capitalization of $214.91 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The stock has a 50 day moving average of $67.05 and a 200 day moving average of $66.26.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, research analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders 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. This represents a $2.86 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.97%.

Shell Profile

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.