WCM Investment Management LLC Purchases 27,651 Shares of TotalEnergies SE (NYSE:TTE)

WCM Investment Management LLC raised its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 152.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 45,736 shares of the company's stock after purchasing an additional 27,651 shares during the period. WCM Investment Management LLC's holdings in TotalEnergies were worth $2,492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. FSA Wealth Management LLC purchased a new position in shares of TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC boosted its holdings in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies in the 3rd quarter worth $32,000. Eastern Bank purchased a new stake in shares of TotalEnergies in the third quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC lifted its position in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TTE shares. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Morgan Stanley reiterated 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. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Piper Sandler reduced their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average price target of $72.42.

TotalEnergies Stock Performance

NYSE TTE traded up $0.63 during trading on Tuesday, hitting $60.98. 2,255,012 shares of the company's stock traded hands, compared to its average volume of 1,861,000. The business has a 50 day moving average of $56.94 and a 200-day moving average of $62.47. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization of $144.00 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 2.12 and a beta of 0.61.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data 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 net margin of 7.34% and a return on equity of 15.22%. As a group, equities research analysts anticipate that TotalEnergies SE will post 7.92 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies's dividend payout ratio (DPR) is 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.