R Squared Ltd Purchases Shares of 5,380 TotalEnergies SE (NYSE:TTE)

R Squared Ltd acquired a new position in TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,380 shares of the company’s stock, valued at approximately $293,000.

Other institutional investors have also recently modified their holdings of the company. Mayflower Financial Advisors LLC raised its stake in shares of TotalEnergies by 14.0% during the fourth quarter. Mayflower Financial Advisors LLC now owns 14,470 shares of the company’s stock worth $789,000 after acquiring an additional 1,772 shares in the last quarter. Orca Wealth Management LLC purchased a new position in TotalEnergies in the 4th quarter worth $1,210,000. Pacer Advisors Inc. lifted its stake in TotalEnergies by 20.6% in the fourth quarter. Pacer Advisors Inc. now owns 709,249 shares of the company’s stock worth $38,654,000 after purchasing an additional 121,170 shares during the last quarter. Blue Trust Inc. boosted its position in TotalEnergies by 26.2% during the fourth quarter. Blue Trust Inc. now owns 20,421 shares of the company’s stock valued at $1,113,000 after buying an additional 4,239 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of TotalEnergies during the fourth quarter valued at about $224,000. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TTE. Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $58.27 on Wednesday. The company’s 50-day moving average is $56.76 and its 200 day moving average is $63.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $137.59 billion, a P/E ratio of 8.26, a P/E/G ratio of 2.01 and a beta of 0.61. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97.

TotalEnergies (NYSE:TTE) last released 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). The firm had revenue of $52.02 billion for the quarter, compared to the consensus estimate of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same quarter in the prior year, the firm earned $2.63 earnings per share. On average, sell-side analysts expect that TotalEnergies SE will post 7.77 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 21st. Investors 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 34.04%.

TotalEnergies 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.