Kingswood Wealth Advisors LLC Has $263,000 Stock Holdings in Shell plc (NYSE:SHEL)

Kingswood Wealth Advisors LLC lessened its position in shares of Shell plc (NYSE:SHEL) by 69.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,917 shares of the energy company’s stock after selling 8,755 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Shell were worth $263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new position in Shell during the third quarter worth about $26,000. Rise Advisors LLC raised its stake in Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 189 shares during the period. Valley National Advisers Inc. lifted its holdings in Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 283 shares in the last quarter. Beaird Harris Wealth Management LLC increased its holdings in shares of Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after acquiring an additional 385 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new position in shares of Shell during the 3rd quarter valued at about $32,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Up 1.0 %

NYSE SHEL opened at $72.18 on Friday. The company has a market cap of $229.51 billion, a PE ratio of 13.32, a PEG ratio of 1.79 and a beta of 0.60. Shell plc has a 12 month low of $58.14 and a 12 month high of $74.61. The stock has a 50 day moving average of $71.51 and a 200-day moving average of $67.54. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.51. Shell had a net margin of 5.83% and a return on equity of 13.83%. The company had revenue of $74.70 billion for the quarter, compared to analyst estimates of $88.03 billion. On average, equities research analysts anticipate that Shell plc will post 8.55 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 17th were issued a dividend of $0.688 per share. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.81%. Shell’s payout ratio is presently 50.74%.

Analyst Ratings Changes

SHEL has been the subject of several research reports. Argus increased their price objective 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. TD Securities lifted their target price on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company decreased their price target on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shell has an average rating of “Moderate Buy” and a consensus target price of $69.25.

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.