Atria Wealth Solutions Inc. Acquires 7,219 Shares of Shell plc (NYSE:SHEL)

Atria Wealth Solutions Inc. increased its holdings in shares of Shell plc (NYSE:SHEL) by 19.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,658 shares of the energy company’s stock after purchasing an additional 7,219 shares during the period. Atria Wealth Solutions Inc.’s holdings in Shell were worth $2,798,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SHEL. Valley National Advisers Inc. increased its stake in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Shell in the third quarter worth $30,000. Human Investing LLC bought a new stake in Shell in the fourth quarter valued at $31,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell during the third quarter valued at about $33,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Shell in the 3rd quarter valued at about $35,000. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SHEL shares. Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company lowered their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Shell presently has a consensus rating of “Buy” and a consensus price target of $79.11.

Shell Stock Performance

Shares of SHEL stock opened at $66.67 on Friday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a market cap of $202.75 billion, a P/E ratio of 13.28, a P/E/G ratio of 0.97 and a beta of 0.54. The firm has a 50-day moving average of $64.89 and a 200-day moving average of $66.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Equities research analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.30%. Shell’s dividend payout ratio (DPR) is currently 56.97%.

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.