Transform Wealth LLC Sells 575 Shares of Shell plc (NYSE:SHEL)

Transform Wealth LLC lowered its position in Shell plc (NYSE:SHEL) by 8.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,409 shares of the energy company’s stock after selling 575 shares during the period. Transform Wealth LLC’s holdings in Shell were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Fisher Asset Management LLC boosted its position in Shell by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock valued at $1,504,920,000 after buying an additional 477,432 shares during the period. Morgan Stanley grew its stake in Shell by 4.3% in the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after purchasing an additional 384,967 shares in the last quarter. Wellington Management Group LLP increased its holdings in Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Shell by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,173,651 shares of the energy company’s stock worth $406,226,000 after buying an additional 143,910 shares during the period. Finally, Mawer Investment Management Ltd. grew its position in shares of Shell by 19.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock worth $350,403,000 after buying an additional 885,069 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of NYSE SHEL traded up $0.58 during trading on Thursday, reaching $71.44. 3,650,653 shares of the company traded hands, compared to its average volume of 4,387,158. Shell plc has a 12-month low of $58.14 and a 12-month high of $74.61. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The stock has a market cap of $227.16 billion, a P/E ratio of 13.18, a PEG ratio of 1.80 and a beta of 0.60. The firm’s fifty day simple moving average is $71.51 and its 200 day simple moving average is $67.48.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.51. Shell had a net margin of 5.83% and a return on equity of 13.83%. The firm had revenue of $74.70 billion during the quarter, compared to analyst estimates of $88.03 billion. As a group, research analysts anticipate that Shell plc will post 8.55 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 17th were paid a $0.688 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.85%. This is a boost from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is currently 50.74%.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several research reports. Argus lifted their price objective on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. TD Securities boosted their price target on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company dropped their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.25.

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.