Shell plc (NYSE:SHEL) is Todd Asset Management LLC's Largest Position

Todd Asset Management LLC reduced its position in shares of Shell plc (NYSE:SHEL - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,400,499 shares of the energy company's stock after selling 82,614 shares during the period. Shell makes up about 2.0% of Todd Asset Management LLC's portfolio, making the stock its biggest holding. Todd Asset Management LLC's holdings in Shell were worth $92,153,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management grew its stake in Shell by 150.5% during the third quarter. Brookstone Capital Management now owns 10,743 shares of the energy company's stock worth $732,000 after buying an additional 6,455 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Shell by 8.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 333,583 shares of the energy company's stock valued at $21,476,000 after purchasing an additional 26,960 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of Shell by 31.7% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,189 shares of the energy company's stock valued at $77,000 after purchasing an additional 286 shares during the last quarter. Raymond James & Associates lifted its position in shares of Shell by 21.9% during the 3rd quarter. Raymond James & Associates now owns 995,786 shares of the energy company's stock worth $64,109,000 after buying an additional 178,741 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Shell by 11.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 340,523 shares of the energy company's stock valued at $21,923,000 after acquiring an additional 34,850 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Shell from a "c" rating to a "b-" rating in a report on Monday, January 29th. TD Securities upped their price target on shares of Shell from $74.00 to $81.00 and gave the stock a "buy" rating in a report on Friday. Finally, Wells Fargo & Company raised their price objective on Shell from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.50.

Shell Trading Up 0.4 %

Shares of NYSE:SHEL traded up $0.26 during mid-day trading on Friday, reaching $72.37. 4,407,390 shares of the company's stock were exchanged, compared to its average volume of 4,739,239. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The firm has a market capitalization of $232.86 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.72 and a beta of 0.59. The business's fifty day moving average price is $68.43 and its 200-day moving average price is $66.01.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.28. The firm had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. Shell had a return on equity of 13.78% and a net margin of 5.83%. During the same quarter in the previous year, the company posted $2.76 EPS. On average, research analysts predict that Shell plc will post 8.22 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.688 per share. This is a positive change from Shell's previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.75 annualized dividend and a yield of 3.80%. Shell's dividend payout ratio (DPR) is presently 50.74%.

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.