Northwestern Mutual Wealth Management Co. Has $19.82 Million Holdings in Shell PLC Unsponsored ADR $SHEL

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in Shell PLC Unsponsored ADR by 7.4% during the first quarter, owning 270,481 shares valued at approximately $19.8 million.
• Shell's shares are currently trading at around $73.80, with a twelve-month range between $58.54 and $74.18, reflecting a stable performance amidst market fluctuations.
• The company has announced a quarterly dividend of $0.716 per share, translating to an annualized dividend yield of 3.9% and indicating a payout ratio of 64.41%.

Northwestern Mutual Wealth Management Co. boosted its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 7.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 270,481 shares of the energy company's stock after buying an additional 18,707 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Shell were worth $19,821,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of SHEL. Avalon Trust Co purchased a new position in shares of Shell during the 1st quarter valued at approximately $25,000. Kennebec Savings Bank acquired a new stake in shares of Shell in the 1st quarter worth $25,000. Brown Lisle Cummings Inc. grew its holdings in shares of Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after purchasing an additional 181 shares during the period. Cheviot Value Management LLC purchased a new position in shares of Shell during the 1st quarter worth $37,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in Shell during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. 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 research note on Thursday, June 26th. Santander lowered Shell to a "neutral" rating in a report on Friday, July 11th. Hsbc Global Res downgraded Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Melius Research started coverage on Shell in a research report on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price on the stock. Finally, Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Shell presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.71.

Shell Stock Performance

Shell stock traded up $0.28 during mid-day trading on Thursday, hitting $73.99. 1,964,367 shares of the company's stock traded hands, compared to its average volume of 3,448,972. The firm has a 50 day moving average price of $71.77 and a 200 day moving average price of $68.81. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The company has a market cap of $217.40 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.95 and a beta of 0.44. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $74.18.

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

Shell announced that its board has initiated a stock repurchase program on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to buy up to 1.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Shell Dividend Announcement

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