Energy Income Partners LLC Acquires 43,617 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Energy Income Partners LLC increased its stake in Shell PLC Unsponsored ADR by 4.6%, owning a total of 991,677 shares valued at approximately $72.67 million, making it the firm's 26th biggest position.
• Analysts have recently revised their ratings on Shell, with HSBC and Santander downgrading their positions, while the stock maintains a consensus rating of "Moderate Buy" with an average price target of $76.71.
• Shell announced a quarterly dividend of $0.716 per share, representing an annualized yield of 3.9%, with a payout ratio of 64.41% as of the latest filings.

Energy Income Partners LLC boosted its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 991,677 shares of the energy company's stock after acquiring an additional 43,617 shares during the quarter. Shell accounts for approximately 1.4% of Energy Income Partners LLC's holdings, making the stock its 26th largest position. Energy Income Partners LLC's holdings in Shell were worth $72,670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kennebec Savings Bank purchased a new stake in Shell in the first quarter worth approximately $25,000. Avalon Trust Co bought a new position in shares of Shell during the 1st quarter valued at $25,000. Brown Lisle Cummings Inc. grew its holdings in shares of Shell by 103.4% in the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after acquiring an additional 181 shares during the period. Truvestments Capital LLC increased its position in Shell by 102.9% during the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company's stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Finally, Cheviot Value Management LLC purchased a new position in Shell in the first quarter worth about $37,000. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

SHEL stock traded down $1.02 during mid-day trading on Wednesday, hitting $72.78. The company had a trading volume of 4,570,442 shares, compared to its average volume of 2,900,878. The company has a 50-day moving average price of $71.99 and a 200 day moving average price of $68.99. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $74.21. The company has a market capitalization of $213.83 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.96 and a beta of 0.46. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $69.31 billion. On average, research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be paid 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 3.9%. Shell's payout ratio is presently 64.41%.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of recent research reports. Melius initiated coverage on Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target for the company. 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. Sanford C. Bernstein lowered Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Santander lowered Shell to a "neutral" rating in a research note on Friday, July 11th. Finally, Scotiabank restated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.71.

About Shell

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.