Nisa Investment Advisors LLC Boosts Holdings in Shell plc (NYSE:SHEL)

Nisa Investment Advisors LLC boosted its holdings in Shell plc (NYSE:SHEL) by 218.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,939 shares of the energy company’s stock after purchasing an additional 1,330 shares during the period. Nisa Investment Advisors LLC’s holdings in Shell were worth $140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beaird Harris Wealth Management LLC increased its position in shares of Shell by 611.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in Shell in the second quarter valued at about $31,000. Allspring Global Investments Holdings LLC raised its stake in Shell by 90.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Fairman Group LLC bought a new position in Shell during the fourth quarter worth $45,000. Finally, LRI Investments LLC bought a new stake in shares of Shell during the 1st quarter valued at about $47,000. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on SHEL shares. Scotiabank reduced their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Wolfe Research began coverage on Shell in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Argus boosted their price target on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Wells Fargo & Company reduced their target price on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.00.

Shell Price Performance

Shares of SHEL opened at $72.43 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The firm has a market cap of $227.89 billion, a PE ratio of 13.36, a PEG ratio of 1.60 and a beta of 0.59. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The firm’s 50 day moving average price is $71.93 and its 200 day moving average price is $69.87.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The firm had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same period in the prior year, the company posted $1.50 earnings per share. As a group, research analysts expect that Shell plc will post 8.63 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be issued a $0.688 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 3.80%. Shell’s dividend payout ratio (DPR) is currently 50.74%.

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.