Roxbury Financial LLC Takes $483,000 Position in TotalEnergies SE (NYSE:TTE)

Roxbury Financial LLC purchased a new position in TotalEnergies SE (NYSE:TTE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,321 shares of the company's stock, valued at approximately $483,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTE. Venturi Wealth Management LLC lifted its stake in TotalEnergies by 0.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company's stock worth $1,793,000 after purchasing an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in TotalEnergies by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company's stock worth $1,085,000 after purchasing an additional 169 shares in the last quarter. Tradition Wealth Management LLC lifted its stake in TotalEnergies by 2.5% in the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company's stock worth $460,000 after purchasing an additional 171 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in TotalEnergies by 4.1% in the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company's stock worth $242,000 after purchasing an additional 174 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its position in TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company's stock worth $563,000 after buying an additional 181 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley restated an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Six research 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 stock. According to MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Trading Down 1.7 %

Shares of TotalEnergies stock traded down $1.04 during trading on Wednesday, reaching $60.77. The company's stock had a trading volume of 534,524 shares, compared to its average volume of 1,747,467. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a market cap of $143.51 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.98 and a beta of 0.61. The firm's 50-day moving average is $57.44 and its two-hundred day moving average is $62.21. 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 net margin of 7.34% and a return on equity of 15.22%. On average, sell-side analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

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

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.