Cerity Partners LLC Has $18.23 Million Holdings in Shell plc (NYSE:SHEL)

Cerity Partners LLC lifted its position in shares of Shell plc (NYSE:SHEL - Free Report) by 51.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 277,069 shares of the energy company's stock after buying an additional 93,661 shares during the period. Cerity Partners LLC's holdings in Shell were worth $18,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC boosted its holdings in Shell by 29.1% in the third quarter. FMR LLC now owns 29,087,703 shares of the energy company's stock valued at $1,872,666,000 after purchasing an additional 6,554,340 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Shell by 96,141.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company's stock worth $818,414,000 after purchasing an additional 14,355,814 shares during the last quarter. Wellington Management Group LLP acquired a new position in Shell in the first quarter worth about $677,739,000. Norges Bank acquired a new stake in Shell during the fourth quarter valued at approximately $658,071,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Shell in the 1st quarter worth approximately $549,346,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Shell from a "c" rating to a "b-" rating in a report on Monday, January 29th.

Shell Stock Performance

NYSE SHEL traded down $0.22 during trading hours on Friday, hitting $72.44. The company had a trading volume of 7,385,441 shares, compared to its average volume of 4,051,919. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The firm has a market cap of $233.08 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94. The business has a fifty day simple moving average of $65.89 and a 200-day simple moving average of $65.32.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The firm had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. During the same period last year, the firm posted $2.76 EPS. Equities analysts predict that Shell plc will post 8.18 EPS for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, February 15th. Shell's payout ratio is currently 48.59%.

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.