Perpetual Ltd Has $958,000 Stock Position in Shell plc (NYSE:SHEL)

Perpetual Ltd decreased its holdings in shares of Shell plc (NYSE:SHEL) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,294 shares of the energy company’s stock after selling 300 shares during the quarter. Perpetual Ltd’s holdings in Shell were worth $958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SHEL. Fortitude Family Office LLC bought a new position in Shell in the third quarter valued at about $30,000. Valley Wealth Managers Inc. acquired a new stake in Shell during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in Shell during the 3rd quarter worth approximately $35,000. GHP Investment Advisors Inc. raised its stake in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of Shell by 567.0% during the third quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock worth $41,000 after purchasing an additional 533 shares during the period. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Scotiabank reduced their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Shell currently has an average rating of “Buy” and a consensus price target of $79.69.

Shell Price Performance

Shares of NYSE SHEL opened at $65.96 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $64.22 and its 200-day moving average price is $67.68. The firm has a market capitalization of $201.69 billion, a P/E ratio of 13.57, a P/E/G ratio of 5.96 and a beta of 0.55. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The firm had revenue of $72.46 billion during the quarter, compared to analysts’ expectations of $84.58 billion. During the same quarter last year, the firm posted $1.86 earnings per share. Equities research analysts anticipate that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

Shell Company 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.