Boston Partners trimmed its position in shares of TotalEnergies SE (NYSE:TTE – Get Rating) by 84.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,861 shares of the company’s stock after selling 42,621 shares during the quarter. Boston Partners’ holdings in TotalEnergies were worth $366,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of TotalEnergies by 17.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 24,672,622 shares of the company’s stock valued at $1,298,767,000 after buying an additional 3,673,271 shares during the last quarter. FMR LLC lifted its position in shares of TotalEnergies by 29.5% during the second quarter. FMR LLC now owns 9,514,738 shares of the company’s stock valued at $500,855,000 after buying an additional 2,166,385 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of TotalEnergies by 7.6% during the first quarter. Wellington Management Group LLP now owns 9,142,190 shares of the company’s stock valued at $462,045,000 after buying an additional 643,607 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of TotalEnergies by 8.4% during the second quarter. Wells Fargo & Company MN now owns 7,305,688 shares of the company’s stock valued at $384,571,000 after buying an additional 566,243 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of TotalEnergies by 40.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock valued at $320,956,000 after purchasing an additional 1,823,670 shares during the last quarter. 6.63% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently commented on TTE shares. Wolfe Research raised shares of TotalEnergies from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research report on Thursday, January 12th. Morgan Stanley increased their price objective on shares of TotalEnergies from €58.00 ($62.37) to €65.00 ($69.89) in a research report on Tuesday, November 8th. The Goldman Sachs Group lowered shares of TotalEnergies from a “buy” rating to a “neutral” rating in a research report on Monday, January 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TotalEnergies from €54.90 ($59.03) to €60.00 ($64.52) in a research report on Wednesday, December 7th. Finally, Piper Sandler decreased their price objective on shares of TotalEnergies from $66.00 to $61.00 and set a “neutral” rating for the company in a research report on Monday, December 19th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.58.
TotalEnergies Price Performance
TotalEnergies Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 25th. Stockholders of record on Friday, December 30th were paid a dividend of $0.529 per share. This is a boost from TotalEnergies’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.26%. TotalEnergies’s dividend payout ratio (DPR) is presently 27.84%.
TotalEnergies Profile
TotalEnergies SE engages in the exploration and production of fuels, natural gas and low carbon electricity. It operates through the following business segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals and Marketing & Services. The Exploration & Production segment encompasses oil and natural gas exploration and production activities.
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