Atria Investments Inc Has $3.99 Million Position in Shell plc (NYSE:SHEL)

Atria Investments Inc trimmed its position in shares of Shell plc (NYSE:SHEL) by 17.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,425 shares of the energy company’s stock after selling 13,026 shares during the period. Atria Investments Inc’s holdings in Shell were worth $3,985,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Shell by 1,293.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,898 shares of the energy company’s stock valued at $462,000 after acquiring an additional 6,403 shares during the period. Sei Investments Co. boosted its position in Shell by 4.9% in the first quarter. Sei Investments Co. now owns 298,732 shares of the energy company’s stock valued at $20,027,000 after buying an additional 13,979 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Shell by 152.1% during the first quarter. Koshinski Asset Management Inc. now owns 18,214 shares of the energy company’s stock worth $1,221,000 after buying an additional 10,988 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Shell by 7.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,658 shares of the energy company’s stock worth $446,000 after acquiring an additional 478 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in Shell by 17.6% during the 1st quarter. First Eagle Investment Management LLC now owns 373,483 shares of the energy company’s stock worth $25,038,000 after acquiring an additional 55,783 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SHEL shares. Wolfe Research initiated coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Shell has an average rating of “Buy” and an average price target of $82.00.

Shell Price Performance

Shares of NYSE SHEL opened at $65.57 on Wednesday. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The company has a market cap of $204.06 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 2.02 and a beta of 0.56. The business’s 50 day moving average price is $67.47 and its two-hundred day moving average price is $70.27. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

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.