Raymond James Trust N.A. Has $2.35 Million Stock Holdings in Shell plc (NYSE:SHEL)

Raymond James Trust N.A. raised its position in shares of Shell plc (NYSE:SHELGet Rating) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,908 shares of the energy company’s stock after buying an additional 1,525 shares during the period. Raymond James Trust N.A.’s holdings in Shell were worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SHEL. Fisher Asset Management LLC acquired a new stake in shares of Shell during the first quarter worth approximately $1,076,420,000. Dimensional Fund Advisors LP bought a new stake in shares of Shell during the first quarter valued at approximately $1,006,050,000. Wellington Management Group LLP bought a new stake in shares of Shell during the first quarter valued at approximately $677,739,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Shell during the first quarter valued at approximately $549,346,000. Finally, Pendal Group Ltd bought a new stake in shares of Shell during the first quarter valued at approximately $228,638,000. Institutional investors and hedge funds own 7.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. HSBC decreased their price target on shares of Shell from GBX 2,700 ($32.62) to GBX 2,550 ($30.81) in a research note on Wednesday, July 20th. Credit Suisse Group began coverage on shares of Shell in a research note on Thursday, June 9th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Shell from GBX 2,551 ($30.82) to GBX 2,779 ($33.58) in a research note on Wednesday, July 6th. Royal Bank of Canada raised their price objective on shares of Shell from GBX 3,100 ($37.46) to GBX 3,200 ($38.67) in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Shell from GBX 2,850 ($34.44) to GBX 3,000 ($36.25) in a research note on Friday, July 15th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $2,134.13.

Shell Trading Up 0.0 %

Shares of NYSE SHEL opened at $52.34 on Friday. The company’s fifty day moving average is $52.45 and its 200-day moving average is $53.91. The stock has a market cap of $200.20 billion, a price-to-earnings ratio of 5.51, a P/E/G ratio of 0.50 and a beta of 0.66. Shell plc has a twelve month low of $44.90 and a twelve month high of $61.67. The company has a quick ratio of 1.09, a current ratio of 1.39 and a debt-to-equity ratio of 0.40.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.82%. Shell’s dividend payout ratio is 21.05%.

Shell Company Profile

(Get Rating)

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 necessary to deliver gas to market.

See Also

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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