Ingalls & Snyder LLC Purchases 87,735 Shares of TotalEnergies SE (NYSE:TTE)

Ingalls & Snyder LLC grew its position in shares of TotalEnergies SE (NYSE:TTE) by 86.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,860 shares of the company’s stock after purchasing an additional 87,735 shares during the quarter. Ingalls & Snyder LLC’s holdings in TotalEnergies were worth $10,293,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FSA Wealth Management LLC bought a new position in shares of TotalEnergies during the 3rd quarter valued at about $26,000. Continuum Advisory LLC increased its position in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of TotalEnergies during the 3rd quarter valued at about $32,000. Eastern Bank bought a new position in shares of TotalEnergies during the 3rd quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC increased its position in shares of TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Down 0.2 %

NYSE TTE opened at $60.90 on Thursday. 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 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a 50 day simple moving average of $57.11 and a two-hundred day simple moving average of $62.41. The stock has a market cap of $143.81 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share 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, analysts forecast that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders 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 (DPR) is currently 36.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TTE shares. 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. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler reduced their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

About TotalEnergies

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.