Ledyard National Bank Has $388,000 Holdings in Shell plc (NYSE:SHEL)

Ledyard National Bank reduced its position in Shell plc (NYSE:SHEL) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,892 shares of the energy company’s stock after selling 611 shares during the period. Ledyard National Bank’s holdings in Shell were worth $388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Provence Wealth Management Group acquired a new position in shares of Shell during the third quarter valued at about $26,000. VisionPoint Advisory Group LLC bought a new stake in Shell during the 3rd quarter worth approximately $26,000. Rise Advisors LLC lifted its holdings in shares of Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 189 shares in the last quarter. Valley National Advisers Inc. grew 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 buying an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Shell in the 3rd quarter valued at $32,000. Institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

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

Shell Stock Performance

Shares of Shell stock traded down $0.98 during trading hours on Tuesday, hitting $72.14. 1,302,662 shares of the company’s stock traded hands, compared to its average volume of 4,680,315. The stock has a market capitalization of $232.12 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.74 and a beta of 0.62. The company has a fifty day simple moving average of $67.81 and a 200-day simple moving average of $65.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94.

Shell (NYSE:SHEL) last released its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. The business had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same period last year, the business posted $2.76 earnings per share. Equities research analysts anticipate that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a $0.662 dividend. This represents a $2.65 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is currently 48.59%.

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.