Toronto Dominion Bank Trims Holdings in Shell plc (NYSE:SHEL)

Toronto Dominion Bank trimmed its position in Shell plc (NYSE:SHEL) by 1.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 13,543 shares of the energy company’s stock after selling 225 shares during the quarter. Toronto Dominion Bank’s holdings in Shell were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new stake in Shell during the 2nd quarter valued at approximately $26,000. Beaird Harris Wealth Management LLC grew its holdings in Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in Shell during the 2nd quarter valued at approximately $31,000. Fairscale Capital LLC purchased a new stake in Shell during the 2nd quarter valued at approximately $33,000. Finally, Fairman Group LLC purchased a new stake in Shell during the 4th quarter valued at approximately $45,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Down 0.2 %

NYSE:SHEL opened at $65.98 on Tuesday. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The company has a market cap of $206.57 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57. The stock has a fifty day simple moving average of $70.35 and a 200-day simple moving average of $70.81. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share 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 business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same period last year, the company earned $1.50 earnings per share. Analysts anticipate that Shell plc will post 8.44 EPS for the current year.

Shell Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Argus raised their target price on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Scotiabank cut their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Wolfe Research assumed coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.50.

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.