Financial Advocates Investment Management boosted its holdings in TotalEnergies SE (NYSE:TTE – Get Rating ) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,909 shares of the company’s stock after purchasing an additional 251 shares during the quarter. Financial Advocates Investment Management’s holdings in TotalEnergies were worth $501,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Asset Management Inc. raised its position in TotalEnergies by 1.3% in the first quarter. TD Asset Management Inc. now owns 86,721 shares of the company’s stock valued at $4,383,000 after buying an additional 1,149 shares in the last quarter. Childress Capital Advisors LLC bought a new stake in TotalEnergies in the 1st quarter worth about $1,441,000. Core Alternative Capital grew its position in TotalEnergies by 181.0% in the first quarter. Core Alternative Capital now owns 1,537 shares of the company’s stock worth $78,000 after buying an additional 990 shares in the last quarter. Aaron Wealth Advisors LLC bought a new stake in TotalEnergies in the 1st quarter worth about $353,000. Finally, Wrapmanager Inc. bought a new stake in TotalEnergies in the 1st quarter worth about $511,000. Institutional investors and hedge funds own 16.60% of the company’s shares.
TotalEnergies Trading down 1.2%
Shares of TTE stock opened at $53.02 on Monday. The stock’s fifty day moving average is $51.29, and the two hundred day moving average is $52.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99, and a current ratio of 1.21. The firm has a market cap of $138.20 billion, a P/E ratio of 6.72, a PEG ratio of 0.49 and a beta of 0.76. TotalEnergies SE has a fifty-two week low of $42.29 and a fifty-two week high of $61.15.
TotalEnergies cuts dividend
The company also recently disclosed a dividend, which was paid on Thursday, July 14th. Shareholders of record on Friday, June 17th were given a $0.5099 dividend. The ex-dividend date of this dividend was Thursday, June 16th. This represents a yield of 3.66%. TotalEnergie’s payout ratio is currently 25.73%.
Changes in analysts’ estimates
Several equities research analysts have commented on the company. Sanford C. Bernstein boosted their price objective on TotalEnergies to $74.00 in a research report on Monday, July 4th. HSBC boosted their price objective on TotalEnergies from €57.00 ($58.16) to €60.00 ($61.22) and gave the stock a “buy” rating in a research report on Wednesday, July 20th. They noted that the move was a call of appreciation. Berenberg Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Friday, May 13th. Piper Sandler boosted their target price on TotalEnergies from $64.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, July 19th. Finally, Jefferies Financial Group upgraded TotalEnergies from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Friday, July 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, TotalEnergies currently has an average rating of “Hold” and a consensus target price of $62.63.
TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates in four segments: Integrated Gas, Renewable Energies and Power; Exploration & Production; Refining and Chemicals; and Marketing and Services. The Integrated Gas, Renewable Energy and Power segment engages in the activities of production, transportation, trading and regasification of liquefied natural gas; trading of liquefied petroleum gas (LPG), petcoke and sulphur, natural gas and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric and biogas sources; energy conservation activities; and development and operation of biomethane production units, as well as providing energy efficiency services.
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