Beddow Capital Management Inc. Acquires 855 Shares of Shell plc (NYSE:SHEL)

Beddow Capital Management Inc. increased its stake in shares of Shell plc (NYSE:SHEL) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,916 shares of the energy company’s stock after purchasing an additional 855 shares during the period. Shell makes up 1.7% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 25th largest holding. Beddow Capital Management Inc.’s holdings in Shell were worth $4,083,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prospera Financial Services Inc raised its holdings in Shell by 13.7% in the 3rd quarter. Prospera Financial Services Inc now owns 135,206 shares of the energy company’s stock worth $8,917,000 after purchasing an additional 16,258 shares during the period. Caprock Group LLC boosted its position in shares of Shell by 3.5% during the third quarter. Caprock Group LLC now owns 30,072 shares of the energy company’s stock worth $1,983,000 after acquiring an additional 1,012 shares during the last quarter. New England Asset Management Inc. grew its position in shares of Shell by 1.0% during the third quarter. New England Asset Management Inc. now owns 98,540 shares of the energy company’s stock valued at $6,499,000 after purchasing an additional 950 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after acquiring an additional 422,329 shares during the last quarter. Finally, Equity Investment Corp raised its stake in Shell by 5.2% during the third quarter. Equity Investment Corp now owns 1,012,644 shares of the energy company’s stock valued at $66,784,000 after purchasing an additional 50,290 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

SHEL has been the subject of several recent analyst reports. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $82.00.

Shell Stock Performance

SHEL opened at $66.33 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The company has a market cap of $205.31 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.96 and a beta of 0.56. The firm’s fifty day simple moving average is $67.33 and its two-hundred day simple moving average is $70.13.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Friday, November 15th. Shell’s payout ratio is 56.58%.

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.