Shell plc (NYSE:SHEL) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lifted its stake in shares of Shell plc (NYSE:SHEL) by 19.8% during the 4th quarter, Holdings Channel reports. The fund owned 9,936 shares of the energy company’s stock after buying an additional 1,645 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Shell were worth $653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Founders Capital Management increased its holdings in shares of Shell by 25.4% during the 4th quarter. Founders Capital Management now owns 830 shares of the energy company’s stock worth $55,000 after buying an additional 168 shares during the last quarter. Osborne Partners Capital Management LLC increased its stake in Shell by 1.0% during the third quarter. Osborne Partners Capital Management LLC now owns 16,417 shares of the energy company’s stock worth $1,057,000 after acquiring an additional 169 shares during the last quarter. Abacus Planning Group Inc. lifted its stake in shares of Shell by 3.5% in the 4th quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock valued at $329,000 after purchasing an additional 169 shares during the last quarter. Roberts Wealth Advisors LLC grew its holdings in shares of Shell by 0.7% during the 4th quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock worth $1,749,000 after purchasing an additional 172 shares during the period. Finally, Advisor OS LLC raised its holdings in Shell by 4.1% in the 3rd quarter. Advisor OS LLC now owns 4,450 shares of the energy company’s stock valued at $286,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

NYSE:SHEL opened at $72.98 on Wednesday. Shell plc has a 52 week low of $55.78 and a 52 week high of $73.94. The company has a market cap of $234.81 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.59. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $68.81 and a two-hundred day simple moving average of $66.09.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.77%. 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. Shell’s dividend payout ratio is presently 50.74%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SHEL shares. Wells Fargo & Company lifted their target price on shares of Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. TD Securities boosted their price objective on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Shell currently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

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.