Elgethun Capital Management Has $223,000 Stock Holdings in Shell plc (NYSE:SHEL)

Elgethun Capital Management lifted its stake in Shell plc (NYSE:SHEL) by 15.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,553 shares of the energy company’s stock after purchasing an additional 470 shares during the period. Elgethun Capital Management’s holdings in Shell were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHEL. Charles Schwab Investment Management Inc. increased its stake in shares of Shell by 11.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,919 shares of the energy company’s stock valued at $12,195,000 after acquiring an additional 18,725 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in Shell in the third quarter worth $671,000. Quantinno Capital Management LP grew its holdings in shares of Shell by 4.5% in the 3rd quarter. Quantinno Capital Management LP now owns 73,709 shares of the energy company’s stock valued at $4,861,000 after buying an additional 3,184 shares during the period. EP Wealth Advisors LLC lifted its holdings in Shell by 22.7% during the third quarter. EP Wealth Advisors LLC now owns 16,713 shares of the energy company’s stock worth $1,102,000 after acquiring an additional 3,087 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of Shell during the third quarter worth about $202,000. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SHEL shares. Wells Fargo & Company boosted their price objective on Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, March 26th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Shell in a research report on Wednesday, March 26th. Barclays reissued an “overweight” rating on shares of Shell in a research note on Wednesday, March 26th. TD Securities upped their price objective on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Finally, Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $80.10.

Shell Price Performance

NYSE:SHEL opened at $64.13 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $68.12 and a 200 day simple moving average of $66.52. Shell plc has a 1-year low of $58.92 and a 1-year high of $74.61. The stock has a market capitalization of $193.92 billion, a PE ratio of 12.78, a P/E/G ratio of 0.98 and a beta of 0.27.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, research analysts expect that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were issued a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.47%. Shell’s payout ratio is presently 56.97%.

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.