TotalEnergies SE (NYSE:TTE) Shares Purchased by Cardinal Capital Management

Cardinal Capital Management grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,903 shares of the company’s stock after acquiring an additional 1,089 shares during the period. Cardinal Capital Management’s holdings in TotalEnergies were worth $2,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FSA Wealth Management LLC acquired a new position in TotalEnergies in the third quarter worth about $26,000. Continuum Advisory LLC lifted its holdings in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of TotalEnergies in the 3rd quarter worth approximately $32,000. Eastern Bank bought a new stake in shares of TotalEnergies in the 3rd quarter valued at approximately $32,000. Finally, Asset Planning Inc acquired a new stake in shares of TotalEnergies during the 4th quarter valued at approximately $31,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.6 %

TotalEnergies stock opened at $61.40 on Tuesday. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $144.99 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 2.12 and a beta of 0.61. The firm has a 50-day moving average price of $57.34 and a two-hundred day moving average price of $62.25.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Sell-side analysts expect that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is 36.04%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TTE shares. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.