Wealth Alliance Increases Stake in TotalEnergies SE (NYSE:TTE)

Wealth Alliance raised its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 20.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,253 shares of the company's stock after purchasing an additional 4,284 shares during the quarter. Wealth Alliance's holdings in TotalEnergies were worth $1,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in shares of TotalEnergies by 0.6% during the 3rd 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 boosted its holdings in shares of TotalEnergies by 1.0% during the 3rd 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 boosted its holdings in shares of TotalEnergies by 2.5% during the 3rd 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 boosted its holdings in shares of TotalEnergies by 4.1% during the 4th 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% during the 3rd 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. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of research analyst reports. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Morgan Stanley restated an "equal weight" rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Piper Sandler cut their target price on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Finally, Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.42.

TotalEnergies Stock Down 1.4 %

Shares of TTE traded down $0.89 during trading hours on Friday, reaching $60.74. The stock had a trading volume of 958,971 shares, compared to its average volume of 1,725,281. The company has a market capitalization of $143.42 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.97 and a beta of 0.61. The firm has a 50-day simple moving average of $57.74 and a 200 day simple moving average of $62.17. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. 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 released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS 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%. Equities research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

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.