Northwestern Mutual Wealth Management Co. Raises Holdings in Shell plc (NYSE:SHEL)

Northwestern Mutual Wealth Management Co. grew its position in shares of Shell plc (NYSE:SHEL) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,634 shares of the energy company’s stock after purchasing an additional 734 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Shell were worth $16,936,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC acquired a new stake in shares of Shell in the second quarter valued at $26,000. Beaird Harris Wealth Management LLC raised its stake 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 valued at $29,000 after acquiring an additional 385 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in Shell in the second quarter valued at $31,000. Fairscale Capital LLC acquired a new stake in Shell in the second quarter valued at $33,000. Finally, Fairman Group LLC acquired a new stake in Shell in the fourth quarter valued at $45,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SHEL shares. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Berenberg Bank raised Shell to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company dropped their price objective on Shell from $88.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday. Scotiabank dropped their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, Argus raised their price objective on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Shell has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

Shell Trading Down 0.2 %

Shares of Shell stock opened at $65.98 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The company has a market capitalization of $206.57 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.60 and a beta of 0.57. The business has a 50 day moving average price of $70.35 and a 200 day moving average price of $70.81.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping the consensus estimate 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 previous year, the company earned $1.50 EPS. Sell-side analysts anticipate that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were issued a $0.688 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 4.17%. Shell’s dividend payout ratio is currently 50.74%.

Shell Company 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.