TotalEnergies SE (NYSE:TTE) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC grew its position in TotalEnergies SE (NYSE:TTE) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,156 shares of the company’s stock after purchasing an additional 2,081 shares during the period. Ballentine Partners LLC’s holdings in TotalEnergies were worth $881,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TTE. CWA Asset Management Group LLC acquired a new position in TotalEnergies during the third quarter valued at approximately $823,000. Crossmark Global Holdings Inc. raised 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 valued at $10,815,000 after acquiring an additional 54,478 shares during the period. Logan Capital Management Inc. lifted its holdings 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 valued at $4,637,000 after acquiring an additional 13,331 shares in the last quarter. FMR LLC boosted its position in TotalEnergies by 2.7% during 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. Finally, Equity Investment Corp increased its holdings in TotalEnergies by 2.3% in the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after purchasing an additional 41,564 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TTE shares. Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Six analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Down 1.7 %

Shares of NYSE:TTE opened at $58.09 on Thursday. The firm has a market cap of $137.18 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61. The company has a fifty day simple moving average of $56.93 and a 200 day simple moving average of $63.36. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last released its earnings results on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.10). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The company had revenue of $52.02 billion during the quarter, compared to the consensus estimate of $57.03 billion. During the same period in the previous year, the firm posted $2.63 EPS. On average, equities research analysts anticipate that TotalEnergies SE will post 7.77 EPS 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 paid a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is currently 34.75%.

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.