Orca Wealth Management LLC Takes $1.21 Million Position in TotalEnergies SE (NYSE:TTE)

Orca Wealth Management LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,195 shares of the company's stock, valued at approximately $1,210,000.

Other large investors also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in shares of TotalEnergies during the third quarter worth about $26,000. Continuum Advisory LLC boosted its stake in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after buying an additional 183 shares during the period. Boit C F David acquired a new stake in shares of TotalEnergies during the third quarter worth about $32,000. Maryland Capital Advisors Inc. acquired a new stake in shares of TotalEnergies during the third quarter worth about $32,000. Finally, Eastern Bank purchased a new position in TotalEnergies during the third quarter worth about $32,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Price Performance

Shares of NYSE TTE traded up $0.12 during mid-day trading on Wednesday, reaching $58.25. 1,050,128 shares of the company traded hands, compared to its average volume of 2,017,707. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $137.56 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. The stock has a fifty day simple moving average of $56.71 and a 200-day simple moving average of $63.00.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.10). The business had revenue of $52.02 billion for the quarter, compared to the consensus estimate of $57.03 billion. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. During the same quarter in the previous year, the business posted $2.63 earnings per share. Equities research analysts anticipate that TotalEnergies SE will post 7.77 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 21st. Shareholders 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 dividend payout ratio (DPR) is currently 34.04%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. UBS Group upgraded TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. Finally, Barclays upgraded shares of TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.