Montag A & Associates Inc. Sells 11,586 Shares of Shell plc (NYSE:SHEL)

Montag A & Associates Inc. decreased its stake in shares of Shell plc (NYSE:SHEL) by 22.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 41,141 shares of the energy company’s stock after selling 11,586 shares during the period. Montag A & Associates Inc.’s holdings in Shell were worth $2,707,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Provence Wealth Management Group acquired a new stake in Shell in the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC acquired a new stake in Shell in the 3rd quarter valued at $26,000. Rise Advisors LLC raised its holdings in Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 189 shares during the last quarter. Valley National Advisers Inc. lifted its stake in shares of Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Shell during the third quarter worth about $32,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shares of Shell stock traded up $0.92 during trading hours on Thursday, hitting $73.55. 4,172,991 shares of the company’s stock traded hands, compared to its average volume of 4,653,999. The company has a fifty day simple moving average of $69.23 and a 200-day simple moving average of $66.18. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The stock has a market capitalization of $236.66 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.70 and a beta of 0.59. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94.

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 $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 3.74%. This is a boost from Shell’s previous quarterly dividend of $0.66. The ex-dividend date is Thursday, May 16th. Shell’s payout ratio is presently 50.74%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. TD Securities upped their price target on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.50.

Shell Company 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.