Golden State Wealth Management LLC purchased a new stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,602 shares of the company's stock, valued at approximately $251,000.
A number of other large investors have also modified their holdings of the company. Franklin Resources Inc. raised its position in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock worth $273,323,000 after buying an additional 1,546,866 shares in the last quarter. Barclays PLC boosted its stake in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after purchasing an additional 490,187 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of TotalEnergies by 6,367.4% during the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company's stock valued at $23,755,000 after purchasing an additional 361,923 shares during the period. FMR LLC raised its stake in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after buying an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC boosted its stake in TotalEnergies by 134.5% during the third quarter. DRW Securities LLC now owns 64,209 shares of the company's stock valued at $4,149,000 after buying an additional 250,427 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.
TotalEnergies Stock Up 1.0 %
Shares of TTE stock traded up $0.63 during trading on Tuesday, hitting $60.98. 2,092,829 shares of the company were exchanged, compared to its average volume of 1,851,986. The firm has a market capitalization of $144.00 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 2.12 and a beta of 0.61. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The business's 50-day simple moving average is $56.94 and its 200 day simple moving average is $62.47.
TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, analysts forecast that TotalEnergies SE will post 7.92 EPS for the current fiscal 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 issued a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies's dividend payout ratio is currently 36.04%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on TTE. Morgan Stanley restated 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. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Piper Sandler cut their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Finally, BNP Paribas lowered TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, TotalEnergies currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.42.
Read Our Latest Stock Report on TTE
TotalEnergies Profile
(
Free Report)
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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