Brighton Jones LLC Has $321,000 Position in Shell plc (NYSE:SHEL)

Brighton Jones LLC lifted its stake in Shell plc (NYSE:SHEL) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,872 shares of the energy company’s stock after purchasing an additional 670 shares during the period. Brighton Jones LLC’s holdings in Shell were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHEL. Mission Wealth Management LP boosted its position in shares of Shell by 17.4% during the fourth quarter. Mission Wealth Management LP now owns 21,678 shares of the energy company’s stock worth $1,426,000 after purchasing an additional 3,215 shares in the last quarter. Certuity LLC acquired a new position in Shell in the fourth quarter valued at about $626,000. Kestra Private Wealth Services LLC increased its holdings in shares of Shell by 1.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 42,847 shares of the energy company’s stock worth $2,819,000 after acquiring an additional 413 shares in the last quarter. Adell Harriman & Carpenter Inc. lifted its holdings in shares of Shell by 16.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 104,532 shares of the energy company’s stock valued at $6,878,000 after purchasing an additional 15,032 shares in the last quarter. Finally, Intrust Bank NA increased its stake in Shell by 12.0% during the 4th quarter. Intrust Bank NA now owns 10,161 shares of the energy company’s stock worth $669,000 after purchasing an additional 1,092 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

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

Shell Stock Up 0.4 %

SHEL stock opened at $72.38 on Friday. The company has a market cap of $232.89 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.71 and a beta of 0.59. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The business has a 50 day moving average price of $68.43 and a two-hundred day moving average price of $66.05. 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 (NYSE:SHEL) last released its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.28. The business had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a net margin of 5.83% and a return on equity of 13.78%. During the same period last year, the business earned $2.76 earnings per share. Analysts anticipate that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 17th will be issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.80%. This is a boost from Shell’s previous quarterly dividend of $0.66. The ex-dividend date is Thursday, May 16th. Shell’s dividend payout ratio 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.