Wealth Alliance Boosts Stock Position in TotalEnergies SE (NYSE:TTE)

Wealth Alliance grew its holdings in TotalEnergies SE (NYSE:TTE) by 20.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,253 shares of the company’s stock after buying an additional 4,284 shares during the quarter. Wealth Alliance’s holdings in TotalEnergies were worth $1,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sunpointe LLC increased its position in shares of TotalEnergies by 15.2% in the fourth quarter. Sunpointe LLC now owns 6,755 shares of the company’s stock valued at $374,000 after buying an additional 892 shares in the last quarter. Good Life Advisors LLC increased its position in shares of TotalEnergies by 10.7% during the fourth quarter. Good Life Advisors LLC now owns 8,532 shares of the company’s stock worth $465,000 after purchasing an additional 823 shares in the last quarter. Timber Creek Capital Management LLC increased its position in shares of TotalEnergies by 1.1% during the fourth quarter. Timber Creek Capital Management LLC now owns 107,821 shares of the company’s stock worth $5,876,000 after purchasing an additional 1,200 shares in the last quarter. Allied Investment Advisors LLC increased its position in shares of TotalEnergies by 2.4% during the fourth quarter. Allied Investment Advisors LLC now owns 156,172 shares of the company’s stock worth $8,511,000 after purchasing an additional 3,594 shares in the last quarter. Finally, Cardinal Capital Management increased its position in shares of TotalEnergies by 2.6% during the fourth quarter. Cardinal Capital Management now owns 42,903 shares of the company’s stock worth $2,373,000 after purchasing an additional 1,089 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $60.92 on Thursday. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The business’s fifty day simple moving average is $57.53 and its 200-day simple moving average is $62.20. The firm has a market cap of $143.85 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.99 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 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%. Equities analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 36.04%.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

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.