Transce3nd LLC Takes Position in Shell plc (NYSE:SHEL)

Transce3nd LLC purchased a new stake in Shell plc (NYSE:SHEL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 548 shares of the energy company’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC grew its position in Shell by 32.3% during the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock worth $5,414,036,000 after acquiring an additional 21,118,234 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Shell by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock valued at $1,562,412,000 after buying an additional 408,088 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Shell by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company’s stock valued at $500,123,000 after buying an additional 238,705 shares during the last quarter. Franklin Resources Inc. grew its holdings in Shell by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company’s stock worth $377,352,000 after acquiring an additional 50,228 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Shell by 1.0% in the 4th quarter. Jennison Associates LLC now owns 3,045,043 shares of the energy company’s stock valued at $190,772,000 after acquiring an additional 30,844 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Up 0.8 %

Shares of NYSE SHEL opened at $65.17 on Wednesday. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.61. The stock’s fifty day moving average is $67.22 and its 200 day moving average is $66.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The stock has a market capitalization of $197.06 billion, a P/E ratio of 12.98, a PEG ratio of 0.98 and a beta of 0.27.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. Sell-side analysts forecast that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were given a $0.716 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.39%. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of recent research reports. TD Securities reiterated a “buy” rating on shares of Shell in a research report on Friday, April 4th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their price target on shares of Shell from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Scotiabank dropped their target price on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $77.73.

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.