Coldstream Capital Management Inc. Purchases 2,892 Shares of Shell plc (NYSE:SHEL)

Coldstream Capital Management Inc. lifted its stake in Shell plc (NYSE:SHEL) by 23.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,075 shares of the energy company’s stock after purchasing an additional 2,892 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Shell were worth $944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SHEL. Valley National Advisers Inc. boosted its position in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in Shell in the 4th quarter worth approximately $28,000. Human Investing LLC purchased a new position in Shell in the 4th quarter worth approximately $31,000. Transce3nd LLC purchased a new position in Shell in the 4th quarter worth approximately $34,000. Finally, Millstone Evans Group LLC purchased a new position in Shell in the 4th quarter worth approximately $36,000. 28.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. TD Securities restated a “buy” rating on shares of Shell in a report on Friday, April 4th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Barclays reaffirmed an “overweight” rating on shares of Shell in a report on Wednesday, March 26th. Royal Bank of Canada reissued an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and a consensus price target of $77.73.

Shell Stock Up 0.2 %

SHEL stock opened at $66.01 on Tuesday. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.61. 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 stock has a market cap of $198.56 billion, a P/E ratio of 13.15, a PEG ratio of 0.98 and a beta of 0.27. The business’s 50-day moving average price is $67.05 and its 200-day moving average price is $65.94.

Shell (NYSE:SHEL) last posted its quarterly earnings data 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%. On average, equities research analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were paid a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.34%. The ex-dividend date was Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is 56.97%.

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.