Keating Investment Counselors Inc. trimmed its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,152 shares of the company's stock after selling 4,665 shares during the quarter. TotalEnergies accounts for about 1.9% of Keating Investment Counselors Inc.'s holdings, making the stock its 11th largest position. Keating Investment Counselors Inc.'s holdings in TotalEnergies were worth $6,221,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Venturi Wealth Management LLC grew its position in TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company's stock worth $1,793,000 after buying an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company's stock worth $1,085,000 after buying an additional 169 shares in the last quarter. Tradition Wealth Management LLC grew its position in TotalEnergies by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company's stock worth $460,000 after buying an additional 171 shares in the last quarter. Apollon Wealth Management LLC grew its position in TotalEnergies by 4.1% during the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company's stock worth $242,000 after buying an additional 174 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of TotalEnergies by 2.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company's stock worth $563,000 after purchasing an additional 181 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Piper Sandler cut their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Six equities 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $72.42.
View Our Latest Research Report on TTE
TotalEnergies Trading Down 1.4 %
Shares of NYSE TTE traded down $0.89 during midday trading on Friday, reaching $60.74. The company had a trading volume of 958,971 shares, compared to its average volume of 1,725,281. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm's fifty day moving average price is $57.74 and its 200-day moving average price is $62.17. The stock has a market cap of $143.42 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.97 and a beta of 0.61.
TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share 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%. On average, equities research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current 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 given a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies's payout ratio is 36.79%.
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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