Nicholas Hoffman & Company LLC. Has $1.28 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Nicholas Hoffman & Company LLC. increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 15.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,521 shares of the company’s stock after acquiring an additional 3,080 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in TotalEnergies were worth $1,282,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Clear Creek Financial Management LLC acquired a new position in shares of TotalEnergies during the 4th quarter worth about $345,000. CWA Asset Management Group LLC acquired a new position in shares of TotalEnergies during the 3rd quarter worth about $823,000. Crossmark Global Holdings Inc. boosted its position in TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after purchasing an additional 54,478 shares during the last quarter. Logan Capital Management Inc. boosted its position in TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares during the last quarter. Finally, FMR LLC boosted its position in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.6 %

Shares of TTE stock opened at $61.40 on Monday. The firm has a 50 day moving average price of $57.27 and a two-hundred day moving average price of $62.29. 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 company has a market capitalization of $144.99 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

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

TotalEnergies Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on TTE. Piper Sandler reduced their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.