Alliancebernstein L.P. Reduces Stake in Shell PLC Unsponsored ADR $SHEL

Key Points

• Alliancebernstein L.P. has reduced its stake in Shell PLC by 1.9%, now holding approximately 1,055,628 shares valued at $77.36 million.
• Several large investors, including GQG Partners LLC and Deutsche Bank AG, significantly increased their stakes, showcasing a mix of investor sentiment toward Shell.
• Shell recently declared a quarterly dividend of $0.716 per share, which reflects an annualized yield of 4.0% based on recent stock valuations.

Alliancebernstein L.P. reduced its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,055,628 shares of the energy company's stock after selling 20,592 shares during the quarter. Alliancebernstein L.P.'s holdings in Shell were worth $77,356,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SHEL. GQG Partners LLC grew its holdings in Shell by 42,743.3% in the 1st quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company's stock valued at $210,162,000 after buying an additional 2,861,235 shares in the last quarter. Nuveen LLC acquired a new position in shares of Shell in the 1st quarter valued at $180,366,000. Voloridge Investment Management LLC lifted its stake in shares of Shell by 170.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after purchasing an additional 2,182,253 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Shell by 102.6% in the 1st quarter. Raymond James Financial Inc. now owns 2,965,812 shares of the energy company's stock valued at $217,335,000 after purchasing an additional 1,501,866 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Shell by 2,096.7% in the 1st quarter. Deutsche Bank AG now owns 1,217,115 shares of the energy company's stock valued at $89,190,000 after purchasing an additional 1,161,709 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SHEL shares. Hsbc Global Res lowered Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Melius assumed coverage on Shell in a research note on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target on the stock. Scotiabank reissued an "outperform" rating on shares of Shell in a research note on Friday, July 11th. HSBC reissued a "hold" rating and set a $78.30 target price (down previously from $78.90) on shares of Shell in a research note on Monday, August 4th. Finally, Melius Research assumed coverage on Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $76.71.

Shell Price Performance

SHEL stock opened at $71.62 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The firm has a market capitalization of $210.43 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.88 and a beta of 0.46. The business's 50-day moving average is $72.04 and its two-hundred day moving average is $69.06. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $74.21.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.29. The company had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. Analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be given a $0.716 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a yield of 4.0%. Shell's dividend payout ratio (DPR) is currently 64.41%.

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.

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