Silver Oak Securities Incorporated Takes $296,000 Position in TotalEnergies SE (NYSE:TTE)

Silver Oak Securities Incorporated acquired a new stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,442 shares of the company's stock, valued at approximately $296,000.

A number of other institutional investors have also recently made changes to their positions in TTE. Clear Creek Financial Management LLC purchased a new stake in shares of TotalEnergies during the 4th quarter valued at about $345,000. CWA Asset Management Group LLC bought a new position in shares of TotalEnergies in the 3rd quarter worth approximately $823,000. Crossmark Global Holdings Inc. lifted its stake in shares of TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company's stock worth $10,815,000 after purchasing an additional 54,478 shares during the period. Logan Capital Management Inc. lifted its stake in shares of TotalEnergies by 22.8% in the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company's stock worth $4,637,000 after purchasing an additional 13,331 shares during the period. Finally, FMR LLC lifted its stake in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after purchasing an additional 324,033 shares during the period. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

TTE traded down $0.10 during trading hours on Wednesday, hitting $60.90. The company's stock had a trading volume of 1,561,060 shares, compared to its average volume of 1,850,287. The business's 50-day moving average price is $57.02 and its 200-day moving average price is $62.42. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock has a market cap of $143.81 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 2.12 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

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 the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Sell-side analysts expect that TotalEnergies SE will post 7.92 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed 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 was Tuesday, December 31st. TotalEnergies's dividend payout ratio (DPR) is 36.79%.

Analysts Set New Price Targets

TTE has been the topic of several recent research reports. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Piper Sandler lowered their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a report 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 given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus 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.