CIBC Asset Management Inc Raises Stock Holdings in TotalEnergies SE (NYSE:TTE)

CIBC Asset Management Inc lifted its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,100 shares of the company's stock after buying an additional 8,000 shares during the quarter. CIBC Asset Management Inc's holdings in TotalEnergies were worth $3,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of TTE. Franklin Resources Inc. grew its position in TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after purchasing an additional 1,546,866 shares during the period. Barclays PLC grew its position in TotalEnergies by 266.5% in 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 during the period. International Assets Investment Management LLC grew its position in TotalEnergies by 6,367.4% in 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 grew its position in TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company's stock valued at $804,211,000 after purchasing an additional 324,033 shares during the period. Finally, DRW Securities LLC lifted its stake in TotalEnergies by 134.5% during the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company's stock valued at $4,149,000 after acquiring an additional 250,427 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Performance

TotalEnergies stock traded down $0.89 during midday trading on Friday, reaching $60.74. The stock had a trading volume of 958,971 shares, compared to its average volume of 1,725,281. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The firm's 50-day moving average price is $57.64 and its 200 day moving average price is $62.20. The firm has a market capitalization of $143.42 billion, a PE ratio of 9.12, a P/E/G ratio of 0.97 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 (NYSE:TTE - Get Free Report) last announced its quarterly earnings data 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%. As a group, research analysts predict that TotalEnergies SE will post 8.02 earnings per share 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 issued a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies's payout ratio is presently 36.04%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Morgan Stanley restated 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. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Finally, Piper Sandler dropped 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. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $72.42.

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.