BTC Capital Management Inc. Has $1.97 Million Position in TotalEnergies SE (NYSE:TTE)

BTC Capital Management Inc. boosted its position in TotalEnergies SE (NYSE:TTE) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,323 shares of the company’s stock after buying an additional 1,558 shares during the quarter. BTC Capital Management Inc.’s holdings in TotalEnergies were worth $1,971,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in TotalEnergies in the 3rd quarter valued at $26,000. Continuum Advisory LLC raised its holdings in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares in the last quarter. Boit C F David acquired a new position in TotalEnergies during the third quarter valued at approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies during the third quarter valued at approximately $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

NYSE:TTE opened at $58.68 on Friday. The stock has a 50 day simple moving average of $56.69 and a 200 day simple moving average of $62.97. The stock has a market cap of $138.56 billion, a P/E ratio of 8.32, a PEG ratio of 2.03 and a beta of 0.61. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The firm had revenue of $52.02 billion for the quarter, compared to analyst estimates of $57.03 billion. During the same period in the prior year, the business posted $2.63 EPS. Research analysts anticipate that TotalEnergies SE will post 7.73 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Shareholders 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 payout ratio is presently 34.75%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TTE shares. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Piper Sandler lowered their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.42.

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.