First Trust Direct Indexing L.P. Grows Stock Position in Shell plc (NYSE:SHEL)

First Trust Direct Indexing L.P. boosted its stake in shares of Shell plc (NYSE:SHEL) by 27.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 70,396 shares of the energy company’s stock after buying an additional 15,013 shares during the period. First Trust Direct Indexing L.P.’s holdings in Shell were worth $4,632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHEL. Provence Wealth Management Group purchased a new stake in Shell in the third quarter worth $26,000. VisionPoint Advisory Group LLC purchased a new stake in Shell in the third quarter worth $26,000. Rise Advisors LLC increased its stake in Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 189 shares during the period. Valley National Advisers Inc. increased its stake in shares of Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 283 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Shell during the third quarter valued at $32,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th.

Shell Trading Down 1.0 %

NYSE SHEL traded down $0.71 on Wednesday, reaching $70.95. 4,956,817 shares of the company were exchanged, compared to its average volume of 4,706,309. The business’s fifty day moving average price is $67.97 and its 200 day moving average price is $65.94. The stock has a market capitalization of $228.29 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.73 and a beta of 0.62. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The firm had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. During the same quarter in the previous year, the business earned $2.76 EPS. Analysts forecast that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a dividend of $0.662 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 3.73%. Shell’s dividend payout ratio is currently 48.59%.

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.