Stephens Inc. AR boosted its stake in shares of TotalEnergies SE (NYSE:TTE – Free Report) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,163 shares of the company’s stock after buying an additional 962 shares during the period. Stephens Inc. AR’s holdings in TotalEnergies were worth $1,480,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in TotalEnergies during the 3rd quarter valued at about $26,000. Continuum Advisory LLC grew its position in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies in the 3rd quarter valued at approximately $32,000. Eastern Bank purchased a new stake in TotalEnergies in the 3rd quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC grew its holdings in shares of TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently issued reports on TTE. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler lowered their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.
TotalEnergies Stock Performance
NYSE:TTE opened at $60.90 on Thursday. The firm has a market capitalization of $143.81 billion, a PE ratio of 9.14, a PEG ratio of 2.12 and a beta of 0.61. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm’s fifty day simple moving average is $57.11 and its 200 day simple moving average is $62.41.
TotalEnergies (NYSE:TTE – Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, sell-side analysts anticipate that TotalEnergies SE will post 7.92 EPS for the current year.
TotalEnergies Cuts Dividend
The business also recently announced a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were paid a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is currently 36.79%.
TotalEnergies Profile
TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.
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