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

Adell Harriman & Carpenter Inc. raised its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,314 shares of the energy company's stock after purchasing 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 quarter.

A number of other institutional investors have also recently bought and sold shares of the business. First Wilshire Securities Management Inc. lifted its position in shares of Shell by 1.6% during the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock valued at $596,000 after purchasing an additional 153 shares in the last quarter. Titleist Asset Management LLC increased 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 valued at $346,000 after buying an additional 164 shares during the last quarter. Warther Private Wealth LLC boosted its stake in shares of 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 buying an additional 165 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of 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 buying an additional 170 shares during the last quarter. Finally, Golden State Equity Partners boosted its stake in shares of 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 buying an additional 173 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SHEL shares. Royal Bank Of Canada restated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a report on Tuesday, May 13th. Barclays restated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Piper Sandler restated an "overweight" rating and set a $83.00 price objective (up previously from $80.00) on shares of Shell in a report on Wednesday. Finally, TD Cowen decreased their price objective on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $78.54.

Shell Stock Performance

Shares of NYSE SHEL traded down $0.89 during mid-day trading on Friday, hitting $71.40. The company had a trading volume of 2,413,800 shares, compared to its average volume of 4,451,863. The stock's 50-day moving average price is $68.26 and its 200-day moving average price is $66.84. The company has a market capitalization of $212.28 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 1.81 and a beta of 0.40. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a 1 year low of $58.55 and a 1 year high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.30. Shell had a net margin of 4.75% and a return on equity of 11.71%. The firm had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. During the same period in the prior year, the firm posted $2.40 earnings per share. On average, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Announces Dividend

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

Shell declared that its board has approved a share repurchase plan on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors 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.