Allspring Global Investments Holdings LLC Boosts Stake in TotalEnergies SE (NYSE:TTE)

Allspring Global Investments Holdings LLC lifted its position in TotalEnergies SE (NYSE:TTE - Free Report) by 54.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 353,653 shares of the company's stock after purchasing an additional 124,872 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in TotalEnergies were worth $19,479,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. FMR LLC increased its stake in TotalEnergies by 2.7% during the third 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. Franklin Resources Inc. increased its stake in TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock worth $273,323,000 after acquiring an additional 1,546,866 shares during the last quarter. Raymond James & Associates increased its stake in TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company's stock worth $149,924,000 after acquiring an additional 13,022 shares during the last quarter. Natixis Advisors LLC increased its stake in TotalEnergies by 4.9% during the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company's stock worth $146,490,000 after acquiring an additional 106,347 shares during the last quarter. Finally, Equity Investment Corp increased its stake in TotalEnergies by 2.3% during the third 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 Up 1.1 %

Shares of NYSE TTE traded up $0.68 during trading hours on Thursday, reaching $61.60. The stock had a trading volume of 1,029,835 shares, compared to its average volume of 1,748,492. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market cap of $145.45 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 0.99 and a beta of 0.61. The business's fifty day moving average price is $57.53 and its two-hundred day moving average price is $62.20. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies's payout ratio is 36.04%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TTE. Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Morgan Stanley reissued an "equal weight" rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Finally, Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Six investment 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 stock. According to MarketBeat, the stock 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.