Prospera Financial Services Inc Grows Stock Position in Shell plc (NYSE:SHEL)

Prospera Financial Services Inc raised its holdings in Shell plc (NYSE:SHEL) by 13.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,206 shares of the energy company’s stock after buying an additional 16,258 shares during the quarter. Prospera Financial Services Inc’s holdings in Shell were worth $8,917,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new stake in shares of Shell during the 2nd quarter valued at about $26,000. Fortitude Family Office LLC purchased a new position in shares of Shell during the 3rd quarter worth approximately $30,000. Triad Wealth Partners LLC bought a new position in shares of Shell in the 2nd quarter worth approximately $31,000. Fairscale Capital LLC bought a new stake in shares of Shell during the second quarter valued at approximately $33,000. Finally, Valley Wealth Managers Inc. purchased a new stake in Shell in the third quarter worth $33,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Up 1.3 %

Shell stock opened at $66.33 on Tuesday. The stock has a market cap of $205.31 billion, a P/E ratio of 13.65, a PEG ratio of 1.96 and a beta of 0.56. The firm’s 50 day moving average price is $67.33 and its 200-day moving average price is $70.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61.

Shell Announces Dividend

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 given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is 56.58%.

Analysts Set New Price Targets

Several research firms recently commented on SHEL. Wells Fargo & Company boosted their price objective on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Scotiabank reduced their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $82.00.

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.