Shell plc (NYSE:SHEL) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,338 shares of the energy company’s stock after selling 5,664 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Shell were worth $9,103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Provence Wealth Management Group purchased a new position in Shell during the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC purchased a new position in Shell during the 3rd quarter valued at about $26,000. Rise Advisors LLC boosted its holdings in Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 189 shares during the period. Valley National Advisers Inc. boosted its holdings in Shell by 217.7% during the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 283 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Shell during the 3rd quarter valued at about $32,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL opened at $72.76 on Wednesday. The stock has a 50-day simple moving average of $67.03 and a 200-day simple moving average of $65.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a market capitalization of $234.11 billion, a PE ratio of 12.86, a PEG ratio of 2.22 and a beta of 0.62. Shell plc has a 1 year low of $55.78 and a 1 year high of $73.94.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The business had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same quarter last year, the company earned $2.76 EPS. On average, analysts predict that Shell plc will post 8.12 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is presently 48.59%.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th.

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.