Axecap Investments LLC Has $2.73 Million Holdings in TotalEnergies SE (NYSE:TTE)

Axecap Investments LLC lessened its stake in TotalEnergies SE (NYSE:TTE) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,155 shares of the company’s stock after selling 227 shares during the quarter. TotalEnergies comprises approximately 2.1% of Axecap Investments LLC’s investment portfolio, making the stock its 23rd biggest holding. Axecap Investments LLC’s holdings in TotalEnergies were worth $2,733,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. grew its position in shares of TotalEnergies by 12.4% during the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after buying an additional 145 shares during the period. Venturi Wealth Management LLC grew its position in shares of TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after buying an additional 165 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after buying an additional 169 shares during the period. Tradition Wealth Management LLC grew its position in shares of TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after buying an additional 171 shares during the period. Finally, Apollon Wealth Management LLC grew its position in shares of TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock worth $242,000 after buying an additional 174 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler cut their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock 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. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE stock opened at $60.27 on Tuesday. The company has a market cap of $142.32 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. 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 50 day moving average of $56.94 and a 200-day moving average of $62.47.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) 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, equities analysts forecast that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

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

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.