Brighton Jones LLC Has $324,000 Stock Position in Shell plc (NYSE:SHEL)

Brighton Jones LLC decreased its holdings in Shell plc (NYSE:SHEL) by 30.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,918 shares of the energy company’s stock after selling 2,115 shares during the quarter. Brighton Jones LLC’s holdings in Shell were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHEL. YHB Investment Advisors Inc. boosted its holdings in shares of Shell by 2.1% during the 3rd quarter. YHB Investment Advisors Inc. now owns 64,385 shares of the energy company’s stock worth $4,246,000 after buying an additional 1,341 shares during the period. International Assets Investment Management LLC grew its position in shares of Shell by 6,510.1% in the third quarter. International Assets Investment Management LLC now owns 352,649 shares of the energy company’s stock valued at $23,257,000 after purchasing an additional 347,314 shares during the last quarter. Greenleaf Trust increased its stake in shares of Shell by 56.8% during the third quarter. Greenleaf Trust now owns 28,946 shares of the energy company’s stock worth $1,909,000 after purchasing an additional 10,484 shares during the period. Plan Group Financial LLC raised its stake in Shell by 34.5% during the 3rd quarter. Plan Group Financial LLC now owns 3,901 shares of the energy company’s stock worth $257,000 after buying an additional 1,000 shares during the period. Finally, Waldron Private Wealth LLC boosted its holdings in Shell by 76.4% in the third quarter. Waldron Private Wealth LLC now owns 7,356 shares of the energy company’s stock worth $485,000 after acquiring an additional 3,187 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wolfe Research began coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $82.00.

Shell Stock Up 0.7 %

Shares of NYSE SHEL opened at $66.85 on Friday. The business has a 50-day moving average of $68.62 and a 200-day moving average of $70.72. The firm has a market capitalization of $211.38 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.85 and a beta of 0.56. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The firm had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter last year, the company posted $1.50 EPS. Sell-side analysts expect that Shell plc will post 8.45 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were given a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.12%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

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.