Atlantic Family Wealth LLC Purchases Shares of 5,087 TotalEnergies SE (NYSE:TTE)

Atlantic Family Wealth LLC purchased a new stake in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,087 shares of the company’s stock, valued at approximately $277,000. TotalEnergies accounts for approximately 0.3% of Atlantic Family Wealth LLC’s portfolio, making the stock its 29th largest holding.

A number of other hedge funds also recently bought and sold shares of TTE. Allspring Global Investments Holdings LLC boosted its holdings in TotalEnergies by 316.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock valued at $14,784,000 after acquiring an additional 173,810 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in TotalEnergies by 3.9% during the third quarter. Sequoia Financial Advisors LLC now owns 19,062 shares of the company’s stock valued at $1,232,000 after acquiring an additional 710 shares during the period. Eastern Bank bought a new stake in shares of TotalEnergies in the third quarter valued at about $32,000. International Assets Investment Management LLC lifted its stake in shares of TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after buying an additional 361,923 shares during the period. Finally, Brighton Jones LLC lifted its stake in shares of TotalEnergies by 18.3% in the third quarter. Brighton Jones LLC now owns 3,673 shares of the company’s stock valued at $237,000 after buying an additional 567 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

TotalEnergies Stock Down 1.4 %

Shares of TTE opened at $60.74 on Friday. The stock has a market cap of $143.42 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.98 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 SE has a 12 month low of $53.29 and a 12 month high of $74.97. The company has a 50-day moving average price of $57.74 and a two-hundred day moving average price of $62.15.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Equities analysts predict that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is 36.04%.

TotalEnergies Company 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.