Harbour Investments Inc. Has $521,000 Stock Holdings in Shell plc (NYSE:SHEL)

Harbour Investments Inc. lowered its stake in Shell plc (NYSE:SHEL) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,897 shares of the energy company’s stock after selling 718 shares during the period. Harbour Investments Inc.’s holdings in Shell were worth $521,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Apollon Wealth Management LLC increased its stake in shares of Shell by 14.4% in the third quarter. Apollon Wealth Management LLC now owns 22,030 shares of the energy company’s stock valued at $1,453,000 after buying an additional 2,766 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in shares of Shell by 8.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 3,209 shares of the energy company’s stock valued at $212,000 after acquiring an additional 247 shares during the last quarter. Peregrine Asset Advisers Inc. lifted its holdings in shares of Shell by 19.8% during the third quarter. Peregrine Asset Advisers Inc. now owns 6,819 shares of the energy company’s stock worth $450,000 after purchasing an additional 1,125 shares during the period. Meritage Portfolio Management grew its stake in shares of Shell by 41.5% in the third quarter. Meritage Portfolio Management now owns 68,954 shares of the energy company’s stock worth $4,548,000 after purchasing an additional 20,212 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Shell by 45.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 245,769 shares of the energy company’s stock worth $16,209,000 after purchasing an additional 76,333 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHEL has been the topic of a number of analyst reports. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company raised their price target on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Scotiabank reduced their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Shell presently has an average rating of “Buy” and an average target price of $82.00.

Shell Price Performance

SHEL stock opened at $65.47 on Friday. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The stock has a market capitalization of $203.75 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.97 and a beta of 0.56. The company’s 50-day moving average is $67.33 and its 200-day moving average is $70.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s payout ratio is 56.58%.

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.