Nations Financial Group Inc. IA ADV Raises Stock Position in Shell plc (NYSE:SHEL)

Nations Financial Group Inc. IA ADV boosted its position in shares of Shell plc (NYSE:SHEL) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,209 shares of the energy company’s stock after purchasing an additional 247 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Shell were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Peregrine Asset Advisers Inc. raised its stake in Shell by 19.8% during the third quarter. Peregrine Asset Advisers Inc. now owns 6,819 shares of the energy company’s stock worth $450,000 after purchasing an additional 1,125 shares during the period. Meritage Portfolio Management raised its stake in shares of Shell by 41.5% in the 3rd quarter. Meritage Portfolio Management now owns 68,954 shares of the energy company’s stock valued at $4,548,000 after acquiring an additional 20,212 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Shell by 45.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 245,769 shares of the energy company’s stock valued at $16,209,000 after acquiring an additional 76,333 shares during the period. Baker Avenue Asset Management LP raised its stake in shares of Shell by 0.4% in the 3rd quarter. Baker Avenue Asset Management LP now owns 58,644 shares of the energy company’s stock valued at $3,868,000 after acquiring an additional 227 shares during the period. Finally, First Personal Financial Services raised its stake in shares of Shell by 38.4% in the 3rd quarter. First Personal Financial Services now owns 775 shares of the energy company’s stock valued at $51,000 after acquiring an additional 215 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SHEL. 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 note on Tuesday, October 8th. Scotiabank reduced their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Wolfe Research started coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $82.00.

Shell Trading Up 0.5 %

NYSE SHEL opened at $65.79 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The stock has a market capitalization of $204.75 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. The firm has a 50 day moving average of $67.41 and a two-hundred day moving average of $70.23.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

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.