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Savant Capital LLC Grows Stake in TotalEnergies SE (NYSE:TTE)

TotalEnergies logo with Oils/Energy background

Savant Capital LLC lifted its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 87.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,414 shares of the company's stock after purchasing an additional 6,737 shares during the quarter. Savant Capital LLC's holdings in TotalEnergies were worth $786,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Franklin Resources Inc. increased its position in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock worth $273,323,000 after purchasing an additional 1,546,866 shares during the last quarter. Barclays PLC grew its stake in TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after buying an additional 490,187 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of TotalEnergies by 6,367.4% in the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company's stock worth $23,755,000 after buying an additional 361,923 shares during the last quarter. FMR LLC raised its position in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company's stock valued at $804,211,000 after buying an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC grew its position in TotalEnergies by 134.5% in the third quarter. DRW Securities LLC now owns 64,209 shares of the company's stock worth $4,149,000 after acquiring an additional 250,427 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Down 1.4 %

TTE stock traded down $0.89 during trading on Wednesday, reaching $60.92. The company had a trading volume of 914,474 shares, compared to its average volume of 1,756,934. The business has a 50 day moving average of $57.44 and a 200 day moving average of $62.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market cap of $143.85 billion, a P/E ratio of 9.15, a PEG ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders 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 (DPR) is presently 36.04%.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of research reports. Piper Sandler decreased their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $72.42.

Check Out Our Latest Stock Report on TotalEnergies

TotalEnergies Company Profile

(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.

See Also

Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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