Shell plc (NYSE:SHEL) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in Shell plc (NYSE:SHEL - Free Report) by 27.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 567,552 shares of the energy company's stock after buying an additional 123,487 shares during the quarter. Ameriprise Financial Inc.'s holdings in Shell were worth $35,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Wilshire Securities Management Inc. increased its holdings in shares of Shell by 1.6% in the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock valued at $596,000 after acquiring an additional 153 shares during the last quarter. Foster Group Inc. boosted its holdings in Shell by 5.0% in the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock valued at $213,000 after purchasing an additional 162 shares in the last quarter. Titleist Asset Management LLC raised its holdings in Shell by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after purchasing an additional 164 shares in the last quarter. Warther Private Wealth LLC lifted its position in shares of Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock worth $205,000 after buying an additional 169 shares during the last quarter. Finally, Klingman & Associates LLC raised its stake in Shell by 5.2% during the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock worth $214,000 after acquiring an additional 170 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 analysts have recently commented on SHEL shares. Wells Fargo & Company cut their target price on Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Hsbc Global Res raised Shell to a "strong-buy" rating in a report on Tuesday. Barclays reissued an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Finally, TD Cowen dropped their price objective on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $78.35.

Shell Price Performance

Shares of NYSE SHEL traded down $0.82 during midday trading on Friday, hitting $66.57. The company had a trading volume of 2,507,326 shares, compared to its average volume of 4,312,284. The business has a 50-day simple moving average of $66.80 and a two-hundred day simple moving average of $65.87. The firm has a market capitalization of $200.26 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.46. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.30. The business had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. Shell had a net margin of 5.57% and a return on equity of 12.75%. During the same period last year, the company posted $2.40 EPS. Equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid a $0.716 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.30%. Shell's payout ratio is currently 65.90%.

Shell announced that its board has initiated a stock repurchase program on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to buy up to 1.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.