Altshuler Shaham Ltd Increases Stock Holdings in Shell plc (NYSE:SHEL)

Altshuler Shaham Ltd increased its holdings in shares of Shell plc (NYSE:SHEL) by 83.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,504 shares of the energy company’s stock after acquiring an additional 23,018 shares during the period. Shell comprises 0.2% of Altshuler Shaham Ltd’s portfolio, making the stock its 14th biggest position. Altshuler Shaham Ltd’s holdings in Shell were worth $3,323,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SHEL. Provence Wealth Management Group bought a new position in shares of Shell in the 3rd quarter worth $26,000. VisionPoint Advisory Group LLC purchased a new position in shares of Shell in the 3rd quarter worth approximately $26,000. Rise Advisors LLC boosted its stake in Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 189 shares in the last quarter. Valley National Advisers Inc. grew its holdings in Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 283 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Shell during the third quarter worth $32,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on SHEL. TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Wells Fargo & Company lifted their target price on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, TD Securities increased their price objective on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.50.

Shell Price Performance

NYSE SHEL traded up $0.92 during trading hours on Thursday, hitting $73.55. 4,172,991 shares of the company’s stock traded hands, compared to its average volume of 4,653,999. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The firm’s 50-day moving average is $69.01 and its 200-day moving average is $66.13. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94. The company has a market capitalization of $236.66 billion, a PE ratio of 13.57, a PEG ratio of 1.70 and a beta of 0.59.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be given a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 3.74%. This is a positive change from Shell’s previous quarterly dividend of $0.66. The ex-dividend date is Thursday, May 16th. Shell’s dividend payout ratio is presently 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.