Miller Howard Investments Inc. NY lessened its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 776,976 shares of the company's stock after selling 39,890 shares during the period. TotalEnergies comprises approximately 1.4% of Miller Howard Investments Inc. NY's holdings, making the stock its 27th biggest position. Miller Howard Investments Inc. NY's holdings in TotalEnergies were worth $42,345,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of TTE. Clear Creek Financial Management LLC bought a new stake in shares of TotalEnergies in the 4th quarter worth about $345,000. CWA Asset Management Group LLC purchased a new stake in shares of TotalEnergies in the 3rd quarter worth approximately $823,000. Crossmark Global Holdings Inc. boosted its position in TotalEnergies by 48.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company's stock valued at $10,815,000 after acquiring an additional 54,478 shares in the last quarter. Logan Capital Management Inc. boosted its position in TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company's stock valued at $4,637,000 after purchasing an additional 13,331 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of TotalEnergies by 2.7% in 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. Institutional investors own 16.53% of the company's stock.
Wall Street Analyst Weigh In
TTE has been the topic of several recent analyst reports. Piper Sandler cut their price objective 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. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. BNP Paribas lowered 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 previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Six 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $72.42.
View Our Latest Stock Report on TotalEnergies
TotalEnergies Stock Performance
TTE traded down $0.10 during trading on Wednesday, reaching $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 company's fifty day moving average price is $57.11 and its 200-day moving average price is $62.41. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a market capitalization of $143.81 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.
TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts forecast that TotalEnergies SE will post 7.92 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. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies's dividend payout ratio is currently 36.79%.
About TotalEnergies
(
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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