Drum Hill Capital LLC Takes $3.35 Million Position in TotalEnergies SE (NYSE:TTE)

Drum Hill Capital LLC purchased a new position in TotalEnergies SE (NYSE:TTE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 61,538 shares of the company's stock, valued at approximately $3,354,000. TotalEnergies accounts for about 4.2% of Drum Hill Capital LLC's investment portfolio, making the stock its 9th biggest holding.

Several other large investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC grew its position in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after acquiring an additional 183 shares during the period. Asset Planning Inc purchased a new position in TotalEnergies in the fourth quarter worth approximately $31,000. Eastern Bank purchased a new position in TotalEnergies in the third quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC grew its position in TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after acquiring an additional 400 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 1.4 %

TotalEnergies stock traded down $0.89 during trading on Friday, reaching $60.74. 958,971 shares of the company's stock were exchanged, compared to its average volume of 1,325,055. The company's 50-day moving average is $57.74 and its two-hundred day moving average is $62.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The firm has a market cap of $143.42 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE - Get Free Report) last announced 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 net margin of 7.34% and a return on equity of 15.22%. On average, analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, March 25th will be issued a $0.8308 dividend. The ex-dividend date is Tuesday, March 25th. TotalEnergies's dividend payout ratio is currently 36.04%.

Wall Street Analyst Weigh In

A number of research analysts have commented on TTE shares. Morgan Stanley restated an "equal weight" rating and set a $64.10 price target (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 note on Thursday, December 5th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Piper Sandler decreased their price target 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.