Cetera Trust Company N.A Has $223,000 Stake in TotalEnergies SE (NYSE:TTE)

Cetera Trust Company N.A increased its position in shares of TotalEnergies SE (NYSE:TTE) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,090 shares of the company’s stock after purchasing an additional 220 shares during the period. Cetera Trust Company N.A’s holdings in TotalEnergies were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TTE. Franklin Resources Inc. lifted its holdings in shares of TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after buying an additional 1,546,866 shares in the last quarter. Barclays PLC boosted its holdings in TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares during the period. International Assets Investment Management LLC grew its position in shares of TotalEnergies by 6,367.4% during the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after purchasing an additional 361,923 shares in the last quarter. FMR LLC raised its position in shares of TotalEnergies by 2.7% in the third 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. Finally, DRW Securities LLC boosted its stake in shares of TotalEnergies by 134.5% in the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after buying an additional 250,427 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on TTE. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, Scotiabank decreased their price target 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. Six analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Down 0.7 %

TTE opened at $58.69 on Wednesday. The firm has a market capitalization of $138.60 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 2.09 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company’s 50 day moving average price is $56.97 and its two-hundred day moving average price is $63.39.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data 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 firm had revenue of $52.02 billion during the quarter, compared to the consensus estimate of $57.03 billion. During the same period in the prior year, the company posted $2.63 earnings per share. As a group, research analysts predict that TotalEnergies SE will post 7.77 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced 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 payout ratio is currently 34.04%.

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.