Shell plc (NYSE:SHEL) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its stake in shares of Shell plc (NYSE:SHEL) by 49.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,785 shares of the energy company’s stock after purchasing an additional 50,793 shares during the period. National Bank of Canada FI’s holdings in Shell were worth $10,065,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA increased its stake in Shell by 14.7% during the fourth quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock valued at $693,000 after purchasing an additional 1,348 shares during the last quarter. FMR LLC grew its holdings in shares of Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after purchasing an additional 6,554,340 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Shell by 5.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,843 shares of the energy company’s stock worth $7,228,000 after purchasing an additional 6,138 shares during the last quarter. LPL Financial LLC grew its position in Shell by 11.0% in the 3rd quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock worth $40,771,000 after purchasing an additional 62,792 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Shell by 16.2% during the third quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock valued at $4,594,000 after buying an additional 9,924 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHEL has been the subject of a number of analyst reports. TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th. TD Securities increased their price target on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company upped their target price on Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.50.

Shell Stock Down 0.5 %

SHEL opened at $72.64 on Thursday. The company has a market capitalization of $233.71 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.70 and a beta of 0.59. The business has a 50-day moving average of $69.01 and a 200-day moving average of $66.13. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be paid a $0.688 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 dividend on an annualized basis and a yield of 3.79%. Shell’s payout ratio is 50.74%.

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.