Diversify Wealth Management LLC Acquires 3,284 Shares of TotalEnergies SE (NYSE:TTE)

Diversify Wealth Management LLC increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 33.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,216 shares of the company’s stock after acquiring an additional 3,284 shares during the period. Diversify Wealth Management LLC’s holdings in TotalEnergies were worth $749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWA Asset Management Group LLC bought a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $823,000. Crossmark Global Holdings Inc. lifted its stake in shares of TotalEnergies by 48.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after acquiring an additional 54,478 shares during the last quarter. Logan Capital Management Inc. lifted its stake in shares of TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after acquiring an additional 13,331 shares during the last quarter. FMR LLC lifted its stake in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after acquiring an additional 324,033 shares during the last quarter. Finally, Equity Investment Corp lifted its stake in shares of TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after acquiring an additional 41,564 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Down 0.6 %

Shares of NYSE:TTE opened at $59.13 on Wednesday. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The business’s fifty day simple moving average is $56.97 and its 200-day simple moving average is $63.39. The company has a market capitalization of $139.64 billion, a PE ratio of 8.39, a P/E/G ratio of 2.12 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.10). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The business had revenue of $52.02 billion for the quarter, compared to analysts’ expectations of $57.03 billion. During the same quarter last year, the firm earned $2.63 earnings per share. As a group, equities research analysts predict that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm 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 of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.04%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Morgan Stanley restated an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

About TotalEnergies

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.