Shell plc (NYSE:SHEL) Holdings Trimmed by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its stake in Shell plc (NYSE:SHEL - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,243,248 shares of the energy company's stock after selling 31,911 shares during the period. Nuveen Asset Management LLC owned about 0.07% of Shell worth $140,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its stake in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after acquiring an additional 400 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of Shell during the 4th quarter worth approximately $28,000. Human Investing LLC bought a new position in shares of Shell during the 4th quarter worth approximately $31,000. Transce3nd LLC bought a new position in shares of Shell during the 4th quarter worth approximately $34,000. Finally, Millstone Evans Group LLC purchased a new stake in Shell during the 4th quarter worth approximately $36,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on SHEL. TD Cowen dropped their price objective on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. TD Securities reissued a "buy" rating on shares of Shell in a report on Friday, April 4th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company decreased their price objective on shares of Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, Barclays restated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $78.35.

Shell Stock Down 0.1%

NYSE SHEL traded down $0.08 on Tuesday, reaching $66.59. The company had a trading volume of 2,522,480 shares, compared to its average volume of 4,294,614. The firm has a market capitalization of $200.31 billion, a PE ratio of 13.26, a P/E/G ratio of 0.98 and a beta of 0.38. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.46. The firm has a 50-day moving average of $66.76 and a 200-day moving average of $65.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.30. The firm had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. Shell had a return on equity of 12.75% and a net margin of 5.57%. During the same quarter in the prior year, the business earned $2.40 EPS. On average, equities research analysts anticipate that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be given a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio is presently 65.90%.

Shell announced that its Board of Directors has authorized a stock buyback program on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.