Brandes Investment Partners 13F: Adds $10M to Shell (SHEL) Stake

Brandes Investment Partners Grows Shell Position

Brandes Investment Partners added to its holdings in Shell plc (NYSE:SHEL) during the period, according to its latest Form 13F filing with the SEC. The filing reflects holdings as of the reporting period and may not represent the investor's current position.

Position Changes for the Energy Stake

The firm boosted its position by 5.2%, purchasing an additional 135,338 shares. That move brought its total holdings to 2,752,755 shares. At the reporting date value, that block of stock was worth roughly $213.4 million.

Shell Stock Performance

Shell shares recently changed hands around $77.54 on Saturday. The stock trades below its 50-day moving average of $90.93 and below its 200-day moving average of $84.46. The company has a 52-week low of $68.63 and a 52-week high of $99.16.

Recent Earnings

Shell reported strong financial metrics with annual revenue reaching $296.6 billion alongside a net profit margin of 8.8%. The company generated an earnings per share figure of $9.04 and posted a return on equity of 14.3%. Management scheduled the next quarterly earnings release for October 29, 2026.

Dividend Payments

Income investors receive an annual dividend of $3.12 per share, which translates to a dividend yield of 3.3%. The company funds this payout using 32.7% of its earnings.

Analysts Set New Price Targets

Wall Street firms continue to update their views on the energy giant. On September 28, 2026, TD Cowen maintained a buy rating and raised its price target to $115.00 from $107.00. Earlier, on September 3, 2026, Piper Sandler kept a neutral rating while moving its target to $100.00. Piper Sandler also issued a target of $89.00 on August 3, 2026. Wells Fargo maintained an equal-weight rating on July 31, 2026, setting a $105.00 target, while Mizuho initiated coverage with a neutral rating and a $98.00 target on July 20, 2026. Across 15 analyst opinions, the stock holds a consensus buy rating with a mean price target of $100.35.

About Shell plc

Headquartered in London, Shell operates as an integrated energy and petrochemical enterprise spanning oil and gas extraction, liquefied natural gas, refining, and low-carbon energy solutions like biofuels and electric vehicle charging networks.

What's Ahead for Shell plc

Institutional filings like this one offer a backward-looking view of portfolio adjustments. Observers will track the upcoming October earnings report and further SEC disclosures to see how institutional appetite shifts for the energy major.