3,770 Shares in TotalEnergies SE (NYSE:TTE) Purchased by Adero Partners LLC

Adero Partners LLC acquired a new position in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,770 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in TotalEnergies by 189.9% in the 2nd quarter. AQR Capital Management LLC now owns 11,653 shares of the company’s stock valued at $777,000 after buying an additional 7,633 shares during the period. GAMMA Investing LLC grew its holdings in TotalEnergies by 18.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,108 shares of the company’s stock valued at $265,000 after buying an additional 628 shares during the period. Mather Group LLC. grew its holdings in TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after buying an additional 145 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in TotalEnergies by 14.0% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,537 shares of the company’s stock valued at $487,000 after buying an additional 923 shares during the period. Finally, Daymark Wealth Partners LLC grew its holdings in TotalEnergies by 9.8% in the 3rd quarter. Daymark Wealth Partners LLC now owns 30,767 shares of the company’s stock valued at $1,988,000 after buying an additional 2,751 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the subject of several recent analyst reports. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Scotiabank reduced their price objective 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. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

TotalEnergies stock opened at $60.90 on Friday. The stock’s 50 day moving average price is $56.81 and its 200 day moving average price is $62.64. The firm has a market capitalization of $143.81 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. As a group, sell-side analysts expect that TotalEnergies SE will post 7.73 EPS 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 given a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 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.