TrinityPoint Wealth LLC Has $788,000 Holdings in Shell plc (NYSE:SHEL)

TrinityPoint Wealth LLC grew its position in Shell plc (NYSE:SHEL) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,574 shares of the energy company’s stock after purchasing an additional 1,213 shares during the period. TrinityPoint Wealth LLC’s holdings in Shell were worth $788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Wilshire Securities Management Inc. grew its holdings in shares of Shell by 1.6% in the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company’s stock valued at $596,000 after acquiring an additional 153 shares in the last quarter. Foster Group Inc. grew its stake in Shell by 5.0% in the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after purchasing an additional 162 shares in the last quarter. Titleist Asset Management LLC increased its position in shares of Shell by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company’s stock worth $346,000 after purchasing an additional 164 shares during the last quarter. Warther Private Wealth LLC raised its stake in shares of Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after purchasing an additional 169 shares in the last quarter. Finally, Klingman & Associates LLC grew its stake in shares of Shell by 5.2% in the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after buying an additional 170 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SHEL. Scotiabank dropped their price target on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company dropped their target price on shares of Shell from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Royal Bank of Canada reiterated an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. Hsbc Global Res upgraded Shell to a “strong-buy” rating in a research note on Tuesday, May 13th. Finally, TD Cowen decreased their target price on Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Shell presently has an average rating of “Buy” and a consensus target price of $78.35.

Shell Stock Performance

SHEL opened at $66.57 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The business has a fifty day simple moving average of $66.80 and a 200 day simple moving average of $65.87. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.46. The company has a market capitalization of $200.26 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38.

Shell (NYSE:SHEL) last released its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.54 by $0.30. Shell had a net margin of 5.57% and a return on equity of 12.75%. The business had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. During the same period in the prior year, the company posted $2.40 earnings per share. Research analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be paid a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, May 16th. Shell’s dividend payout ratio (DPR) is currently 65.90%.

Shell announced that its Board of Directors has initiated a share buyback program on Friday, May 2nd that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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.