Bleakley Financial Group LLC reduced its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,126 shares of the company's stock after selling 6,280 shares during the quarter. Bleakley Financial Group LLC's holdings in TotalEnergies were worth $2,841,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Robertson Stephens Wealth Management LLC lifted its stake in TotalEnergies by 11.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 14,022 shares of the company's stock valued at $776,000 after acquiring an additional 1,482 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in TotalEnergies by 109.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 13,575 shares of the company's stock valued at $740,000 after acquiring an additional 7,084 shares during the last quarter. Yousif Capital Management LLC lifted its stake in TotalEnergies by 63.4% in the fourth quarter. Yousif Capital Management LLC now owns 60,082 shares of the company's stock valued at $3,274,000 after acquiring an additional 23,315 shares during the last quarter. Columbus Macro LLC lifted its stake in TotalEnergies by 56.2% in the fourth quarter. Columbus Macro LLC now owns 38,206 shares of the company's stock valued at $2,082,000 after acquiring an additional 13,739 shares during the last quarter. Finally, Fourpath Capital Management LLC lifted its stake in TotalEnergies by 30.0% in the fourth quarter. Fourpath Capital Management LLC now owns 18,693 shares of the company's stock valued at $1,019,000 after acquiring an additional 4,316 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.
TotalEnergies Stock Performance
TTE stock traded down $0.23 on Monday, reaching $60.55. 663,810 shares of the company were exchanged, compared to its average volume of 1,819,019. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock's fifty day moving average price is $56.87 and its 200 day moving average price is $62.52. The firm has a market capitalization of $142.99 billion, a PE ratio of 9.08, a PEG ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (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%. On average, research analysts anticipate 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. 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 is currently 36.04%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on TTE. 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. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Morgan Stanley reissued an "equal weight" rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Finally, Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $72.42.
Check Out Our Latest Report on TotalEnergies
About TotalEnergies
(
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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