TotalEnergies SE (NYSE:TTE) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC increased its holdings in TotalEnergies SE (NYSE:TTE) by 14.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,156 shares of the company’s stock after buying an additional 2,081 shares during the period. Ballentine Partners LLC’s holdings in TotalEnergies were worth $881,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. FSA Wealth Management LLC acquired a new position in TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC lifted 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 purchasing an additional 183 shares during the last quarter. Boit C F David acquired a new position in TotalEnergies during the 3rd quarter valued at approximately $32,000. Maryland Capital Advisors Inc. bought a new position in TotalEnergies during the 3rd quarter worth $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies in the third quarter worth $32,000. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TTE shares. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

TTE opened at $58.09 on Thursday. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a market capitalization of $137.18 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61. The business has a 50 day moving average price of $56.93 and a two-hundred day moving average price of $63.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same quarter last year, the company earned $2.63 EPS. Research analysts predict that TotalEnergies SE will post 7.77 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed 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 was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.75%.

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.