TotalEnergies SE (NYSE:TTE) Shares Acquired by Allied Investment Advisors LLC

Allied Investment Advisors LLC lifted its stake in TotalEnergies SE (NYSE:TTE) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,172 shares of the company’s stock after purchasing an additional 3,594 shares during the period. Allied Investment Advisors LLC’s holdings in TotalEnergies were worth $8,511,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new position in TotalEnergies in the third quarter valued at about $26,000. Continuum Advisory LLC grew its holdings in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Asset Planning Inc purchased a new position in TotalEnergies in the 4th quarter valued at approximately $31,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies during the third quarter worth $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies during the third quarter worth $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE opened at $61.81 on Wednesday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company’s 50 day simple moving average is $57.44 and its 200 day simple moving average is $62.21. The company has a market capitalization of $145.96 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping 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%. On average, sell-side analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on TTE shares. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler cut their target price 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. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. 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. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Company 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.