Ameriprise Financial Inc. Boosts Stock Holdings in Shell PLC Unsponsored ADR $SHEL

Key Points

• Ameriprise Financial Inc. increased its stake in Shell PLC Unsponsored ADR by 2.2%, now holding 580,143 shares valued at $42.51 million after acquiring an additional 12,591 shares.
• Shell's shares have a current market cap of $217.40 billion and a P/E ratio of 16.66, with a consensus rating of "Moderate Buy" from analysts.
• The company announced a quarterly dividend of $0.716 per share, reflecting a dividend yield of 3.9% and a payout ratio of 64.41%.

Ameriprise Financial Inc. lifted its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 580,143 shares of the energy company's stock after acquiring an additional 12,591 shares during the period. Ameriprise Financial Inc.'s holdings in Shell were worth $42,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Avalon Trust Co bought a new position in Shell in the first quarter worth approximately $25,000. Kennebec Savings Bank bought a new stake in Shell during the 1st quarter valued at $25,000. Brown Lisle Cummings Inc. boosted its position in Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after acquiring an additional 181 shares in the last quarter. Cheviot Value Management LLC bought a new stake in Shell during the 1st quarter valued at $37,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in shares of Shell during the 1st quarter valued at $38,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SHEL. Santander lowered Shell to a "neutral" rating in a research note on Friday, July 11th. Wells Fargo & Company decreased their price objective on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Melius initiated coverage on shares of Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target on the stock. Finally, Piper Sandler cut their price target on Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Ten equities research 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $76.71.

Shell Stock Down 0.3%

Shares of SHEL stock traded down $0.26 on Tuesday, reaching $73.62. 2,134,744 shares of the stock were exchanged, compared to its average volume of 4,576,468. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The business's 50 day moving average price is $71.86 and its 200 day moving average price is $68.93. The company has a market capitalization of $216.31 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.96 and a beta of 0.46. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.21.

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

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.716 per share. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. Shell's dividend payout ratio is 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.