TCG Advisory Services LLC Increases Position in Shell plc (NYSE:SHEL)

TCG Advisory Services LLC raised its stake in Shell plc (NYSE:SHEL) by 141.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,885 shares of the energy company’s stock after buying an additional 5,792 shares during the period. TCG Advisory Services LLC’s holdings in Shell were worth $650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after acquiring an additional 6,554,340 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Shell by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock valued at $1,504,920,000 after buying an additional 477,432 shares in the last quarter. Morgan Stanley increased its position in Shell by 4.3% during the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after buying an additional 384,967 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Shell by 10.7% in the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after acquiring an additional 848,104 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Shell by 10.2% in the third quarter. Bank of New York Mellon Corp now owns 4,435,003 shares of the energy company’s stock valued at $285,526,000 after acquiring an additional 409,016 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. TD Securities increased their price target on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday. TheStreet raised Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company upped their price objective on shares of Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Shell Stock Up 0.4 %

Shares of SHEL traded up $0.26 during midday trading on Friday, hitting $72.37. The company had a trading volume of 4,407,390 shares, compared to its average volume of 4,739,239. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. Shell plc has a 52 week low of $55.78 and a 52 week high of $73.94. The company’s 50 day moving average price is $68.43 and its 200 day moving average price is $66.03. The stock has a market cap of $232.86 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.72 and a beta of 0.59.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 13.78% and a net margin of 5.83%. The company had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter in the previous year, the company posted $2.76 earnings per share. On average, equities research analysts predict that Shell plc will post 8.22 EPS for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.688 per share. This is a boost from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.75 annualized dividend and a yield of 3.80%. 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.