Adell Harriman & Carpenter Inc. Boosts Stock Holdings in Shell PLC Unsponsored ADR (NYSE:SHEL)

Adell Harriman & Carpenter Inc. raised its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,314 shares of the energy company's stock after buying an additional 9,548 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in Shell were worth $10,282,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. First Wilshire Securities Management Inc. boosted its holdings in Shell by 1.6% in the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock worth $596,000 after buying an additional 153 shares during the last quarter. Titleist Asset Management LLC lifted its stake in Shell by 3.1% in the 4th 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 stake in Shell by 5.0% in the 1st quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock worth $252,000 after purchasing an additional 165 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in Shell by 2.4% in the 1st quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock worth $505,000 after purchasing an additional 170 shares in the last quarter. Finally, Golden State Equity Partners lifted its stake in Shell by 5.1% in the 1st quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock worth $261,000 after purchasing an additional 173 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on SHEL. Scotiabank decreased their target price on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Barclays reissued an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Wells Fargo & Company decreased their target price on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Piper Sandler reaffirmed an "overweight" rating and set a $83.00 price target (up previously from $80.00) on shares of Shell in a research report on Wednesday. Finally, Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Shell presently has an average rating of "Buy" and an average target price of $78.54.

Shell Trading Down 1.2%

Shares of SHEL stock traded down $0.89 during trading on Friday, hitting $71.40. 2,413,800 shares of the stock traded hands, compared to its average volume of 4,451,863. The firm has a market capitalization of $212.28 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.81 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. Shell PLC Unsponsored ADR has a 52-week low of $58.55 and a 52-week high of $74.46. The firm's fifty day moving average price is $68.26 and its 200-day moving average price is $66.88.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. The company had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. Shell had a return on equity of 11.71% and a net margin of 4.75%. During the same quarter in the previous year, the company earned $2.40 earnings per share. As a group, research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Friday, May 16th. Shell's payout ratio is 65.90%.

Shell announced that its Board of Directors has initiated a share repurchase plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.