Janney Montgomery Scott LLC Acquires 1,728 Shares of Shell plc (NYSE:SHEL)

Janney Montgomery Scott LLC lifted its stake in shares of Shell plc (NYSE:SHELFree Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,885 shares of the energy company’s stock after purchasing an additional 1,728 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Shell were worth $9,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SHEL. Marcum Wealth LLC lifted its stake in shares of Shell by 3.7% in the 1st quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock valued at $283,000 after acquiring an additional 150 shares during the last quarter. Jones Financial Companies Lllp raised its position in Shell by 5.9% in the fourth quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock valued at $191,000 after purchasing an additional 161 shares during the last quarter. Summit Trail Advisors LLC raised its position in Shell by 4.4% in the first quarter. Summit Trail Advisors LLC now owns 3,918 shares of the energy company’s stock valued at $263,000 after purchasing an additional 166 shares during the last quarter. SteelPeak Wealth LLC raised its position in Shell by 2.5% in the first quarter. SteelPeak Wealth LLC now owns 6,815 shares of the energy company’s stock valued at $457,000 after purchasing an additional 167 shares during the last quarter. Finally, Founders Capital Management raised its position in Shell by 25.4% in the fourth quarter. Founders Capital Management now owns 830 shares of the energy company’s stock valued at $55,000 after purchasing an additional 168 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Argus increased their target price on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company dropped their target price on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Finally, TD Securities increased their target price on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.25.

Read Our Latest Stock Report on Shell

Shell Stock Performance

Shares of SHEL opened at $72.69 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $71.51 and its two-hundred day simple moving average is $67.93. Shell plc has a 12 month low of $59.51 and a 12 month high of $74.61. The stock has a market capitalization of $231.14 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.84 and a beta of 0.59.

Shell (NYSE:SHELGet Free Report) last released its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping the consensus estimate of $1.87 by $0.51. Shell had a return on equity of 13.83% and a net margin of 5.83%. The business had revenue of $74.70 billion during the quarter, compared to analysts’ expectations of $88.03 billion. As a group, analysts predict that Shell plc will post 8.55 EPS for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 17th were paid a dividend of $0.688 per share. The ex-dividend date was Thursday, May 16th. This is a positive change from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a yield of 3.79%. Shell’s dividend payout ratio is currently 50.74%.

About Shell

(Free Report)

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.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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