Gratus Wealth Advisors LLC Has $730,000 Stock Position in Shell plc (NYSE:SHEL)

Gratus Wealth Advisors LLC trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 2.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,650 shares of the energy company’s stock after selling 289 shares during the period. Gratus Wealth Advisors LLC’s holdings in Shell were worth $730,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SHEL. MSH Capital Advisors LLC bought a new position in Shell in the fourth quarter worth approximately $582,000. Evergreen Capital Management LLC lifted its position in shares of Shell by 0.9% during the fourth quarter. Evergreen Capital Management LLC now owns 218,933 shares of the energy company’s stock valued at $13,716,000 after purchasing an additional 1,995 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Shell by 3.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 10,042 shares of the energy company’s stock worth $629,000 after buying an additional 319 shares during the last quarter. Bridgewater Associates LP increased its position in shares of Shell by 523.9% during the 4th quarter. Bridgewater Associates LP now owns 831,000 shares of the energy company’s stock valued at $52,062,000 after purchasing an additional 697,806 shares during the last quarter. Finally, LaSalle St. Investment Advisors LLC raised its position in Shell by 17.6% in the fourth quarter. LaSalle St. Investment Advisors LLC now owns 7,973 shares of the energy company’s stock worth $499,000 after acquiring an additional 1,193 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of NYSE SHEL opened at $64.03 on Thursday. The stock’s 50-day moving average is $67.38 and its 200 day moving average is $66.14. The stock has a market cap of $193.61 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 0.98 and a beta of 0.27. Shell plc has a 1-year low of $58.55 and a 1-year high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last posted 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%. On average, sell-side analysts anticipate that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a $0.716 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.47%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SHEL. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price objective on shares of Shell from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Scotiabank lowered their target price on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, TD Cowen lowered their price target on shares of Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $77.73.

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.