Amundi Has $129.87 Million Stake in Shell PLC Unsponsored ADR $SHEL

Key Points

• Amundi has reduced its stake in Shell PLC Unsponsored ADR by 17.5%, now owning approximately $129.87 million worth of shares.
• Shell announced a quarterly dividend of $0.716 per share, yielding 4.0%, with a payout ratio of 64.41%.
• Recent earnings revealed that Shell reported an EPS of $1.42, surpassing estimates, despite revenue falling short at $66.44 billion.

Amundi reduced its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,861,428 shares of the energy company's stock after selling 394,842 shares during the period. Amundi owned 0.06% of Shell worth $129,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aprio Wealth Management LLC boosted its holdings in Shell by 65.3% during the first quarter. Aprio Wealth Management LLC now owns 9,542 shares of the energy company's stock worth $699,000 after purchasing an additional 3,768 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Shell by 8.1% in the first quarter. Adage Capital Partners GP L.L.C. now owns 865,000 shares of the energy company's stock valued at $63,387,000 after acquiring an additional 65,000 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Shell by 55.3% in the first quarter. EP Wealth Advisors LLC now owns 21,673 shares of the energy company's stock valued at $1,588,000 after acquiring an additional 7,717 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Shell in the first quarter valued at about $1,058,000. Finally, Energy Income Partners LLC lifted its stake in shares of Shell by 4.6% during the 1st quarter. Energy Income Partners LLC now owns 991,677 shares of the energy company's stock valued at $72,670,000 after buying an additional 43,617 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 1.0%

Shares of NYSE:SHEL opened at $71.62 on Friday. The firm has a market capitalization of $210.43 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.90 and a beta of 0.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. Shell PLC Unsponsored ADR has a 52-week low of $58.54 and a 52-week high of $74.21. The firm has a fifty day moving average of $72.04 and a 200 day moving average of $69.05.

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

Shell Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on SHEL shares. Melius Research started coverage on shares of Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target on the stock. Santander cut shares of Shell to a "neutral" rating in a research note on Friday, July 11th. Hsbc Global Res cut shares of Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. 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 report on Thursday, June 26th. Finally, Melius assumed coverage on shares of Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $76.71.

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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