TotalEnergies SE (NYSE:TTE) Shares Acquired by Gradient Investments LLC

Gradient Investments LLC increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 18.5% during the 4th quarter, Holdings Channel reports. The fund owned 8,840 shares of the company’s stock after purchasing an additional 1,382 shares during the quarter. Gradient Investments LLC’s holdings in TotalEnergies were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in TotalEnergies in the 3rd quarter worth approximately $26,000. Continuum Advisory LLC boosted its holdings in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares in the last quarter. Boit C F David acquired a new stake in TotalEnergies during the third quarter valued at $32,000. Maryland Capital Advisors Inc. purchased a new position in TotalEnergies in the third quarter valued at $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies in the third quarter worth about $32,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of analyst reports. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Scotiabank decreased their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Piper Sandler decreased 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. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 0.0 %

Shares of TTE stock opened at $58.78 on Friday. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The stock’s fifty day moving average is $56.86 and its two-hundred day moving average is $63.22. The firm has a market capitalization of $138.79 billion, a P/E ratio of 8.34, a PEG ratio of 2.01 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last posted its quarterly 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 business had revenue of $52.02 billion during the quarter, compared to analysts’ expectations of $57.03 billion. During the same period in the prior year, the business posted $2.63 earnings per share. Research analysts expect that TotalEnergies SE will post 7.77 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 issued a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 34.04%.

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.