Manning & Napier Advisors LLC cut its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,799 shares of the company's stock after selling 4,686 shares during the period. Manning & Napier Advisors LLC's holdings in TotalEnergies were worth $6,475,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of TTE. CWA Asset Management Group LLC bought a new stake in TotalEnergies during the third quarter worth about $823,000. Crossmark Global Holdings Inc. lifted its holdings in shares of TotalEnergies by 48.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company's stock worth $10,815,000 after acquiring an additional 54,478 shares during the period. Logan Capital Management Inc. boosted its position in shares of TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company's stock worth $4,637,000 after acquiring an additional 13,331 shares in the last quarter. FMR LLC raised its position in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company's stock valued at $804,211,000 after purchasing an additional 324,033 shares in the last quarter. Finally, Equity Investment Corp lifted its stake in TotalEnergies by 2.3% during the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company's stock worth $120,343,000 after purchasing an additional 41,564 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.
TotalEnergies Trading Up 1.1 %
Shares of NYSE:TTE traded up $0.63 during mid-day trading on Thursday, reaching $58.81. 539,903 shares of the company's stock were exchanged, compared to its average volume of 1,938,006. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The firm has a market capitalization of $138.88 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 2.01 and a beta of 0.61. The business's fifty day moving average price is $56.71 and its 200-day moving average price is $63.00.
TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.10). TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. The company had revenue of $52.02 billion during the quarter, compared to the consensus estimate of $57.03 billion. During the same quarter last year, the firm posted $2.63 EPS. On average, research analysts predict that TotalEnergies SE will post 7.77 EPS for the current fiscal year.
TotalEnergies Cuts Dividend
The company also recently announced 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 is presently 34.04%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Piper Sandler lowered their price target on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Morgan Stanley reiterated an "equal weight" rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Scotiabank decreased their target price on shares of TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 10th. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.42.
Check Out Our Latest Stock Analysis on TTE
TotalEnergies 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.
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