10,655 Shares in Shell plc (NYSE:SHEL) Purchased by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. purchased a new stake in shares of Shell plc (NYSE:SHEL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,655 shares of the energy company’s stock, valued at approximately $668,000.

Several other institutional investors have also added to or reduced their stakes in SHEL. Valley National Advisers Inc. grew its holdings in Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares in the last quarter. Human Investing LLC purchased a new position in shares of Shell in the 4th quarter worth approximately $31,000. Brooklyn Investment Group purchased a new position in shares of Shell in the 3rd quarter worth approximately $35,000. Sierra Ocean LLC purchased a new position in shares of Shell in the 4th quarter worth approximately $39,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Shell in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, January 3rd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock 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 research note on Wednesday, January 8th. Wells Fargo & Company decreased their price target on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Shell currently has an average rating of “Buy” and an average price target of $79.11.

Shell Trading Up 1.9 %

Shares of NYSE SHEL opened at $70.11 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $66.54 and a two-hundred day simple moving average of $66.19. The firm has a market cap of $213.21 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.09%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. Shell’s payout ratio 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.