Key Client Fiduciary Advisors LLC Cuts Stock Holdings in Shell plc (NYSE:SHEL)

Key Client Fiduciary Advisors LLC lessened its stake in shares of Shell plc (NYSE:SHEL) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,507 shares of the energy company’s stock after selling 168 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Shell were worth $297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. purchased a new stake in shares of Shell during the 3rd quarter valued at about $207,000. Blue Trust Inc. increased its position in Shell by 58.3% in the third quarter. Blue Trust Inc. now owns 31,015 shares of the energy company’s stock worth $2,239,000 after buying an additional 11,428 shares in the last quarter. Net Worth Advisory Group purchased a new position in shares of Shell during the 3rd quarter valued at $697,000. Trust Point Inc. grew its position in shares of Shell by 4.4% during the third quarter. Trust Point Inc. now owns 10,551 shares of the energy company’s stock worth $696,000 after purchasing an additional 448 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its stake in Shell by 31.1% during the third quarter. Aaron Wealth Advisors LLC now owns 16,267 shares of the energy company’s stock valued at $1,073,000 after acquiring an additional 3,858 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SHEL shares. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Wolfe Research assumed coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Shell currently has an average rating of “Buy” and an average target price of $82.00.

Shell Stock Performance

NYSE SHEL traded down $0.30 on Friday, reaching $67.04. 2,336,306 shares of the company’s stock traded hands, compared to its average volume of 4,161,398. The stock has a 50 day moving average price of $69.22 and a 200-day moving average price of $70.86. The firm has a market cap of $208.64 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.58 and a beta of 0.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last posted 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 return on equity of 14.56% and a net margin of 5.97%. The firm had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. During the same period last year, the company earned $1.50 earnings per share. Equities research analysts predict that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were given a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.11%. Shell’s dividend payout ratio (DPR) is 49.11%.

Shell 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.