Nwam LLC Invests $636,000 in Shell plc (NYSE:SHEL)

Nwam LLC purchased a new position in Shell plc (NYSE:SHEL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,645 shares of the energy company’s stock, valued at approximately $636,000.

Other institutional investors have also recently made changes to their positions in the company. Meridian Wealth Management LLC bought a new stake in Shell during the 3rd quarter valued at $678,000. Icon Wealth Advisors LLC lifted its position in Shell by 1,120.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 42,194 shares of the energy company’s stock valued at $2,783,000 after acquiring an additional 38,737 shares in the last quarter. CFS Investment Advisory Services LLC increased its holdings in Shell by 14.2% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 6,388 shares of the energy company’s stock worth $421,000 after purchasing an additional 792 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Shell by 10.6% in the third quarter. Eagle Asset Management Inc. now owns 11,708 shares of the energy company’s stock valued at $785,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Shell by 11.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,919 shares of the energy company’s stock worth $12,195,000 after buying an additional 18,725 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

NYSE:SHEL opened at $66.03 on Friday. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The business has a fifty day simple moving average of $67.25 and a two-hundred day simple moving average of $69.94. The company has a market capitalization of $204.39 billion, a P/E ratio of 13.59, a P/E/G ratio of 1.99 and a beta of 0.56.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.17%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $82.00.

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.