Foundations Investment Advisors LLC purchased a new stake in shares of TotalEnergies SE (NYSE:TTE – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,761 shares of the company’s stock, valued at approximately $482,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in 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 acquiring an additional 3,673,271 shares during the last quarter. FMR LLC grew its stake in shares of TotalEnergies by 29.5% during the 2nd quarter. FMR LLC now owns 9,514,738 shares of the company’s stock valued at $500,855,000 after purchasing an additional 2,166,385 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of TotalEnergies by 40.3% during 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 period. BNP Paribas Arbitrage SA increased its position in shares of TotalEnergies by 262,768.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,824,306 shares of the company’s stock valued at $92,200,000 after purchasing an additional 1,823,612 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of TotalEnergies by 60.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,520,565 shares of the company’s stock worth $132,682,000 after purchasing an additional 945,577 shares during the period. 6.63% of the stock is owned by institutional investors.
TotalEnergies Stock Performance
Shares of NYSE:TTE opened at $57.15 on Tuesday. The firm has a fifty day simple moving average of $62.22 and a two-hundred day simple moving average of $57.90. TotalEnergies SE has a 52 week low of $44.61 and a 52 week high of $65.05. The company has a quick ratio of 0.94, a current ratio of 1.15 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $141.84 billion, a P/E ratio of 7.30, a PEG ratio of 0.53 and a beta of 0.79.
TotalEnergies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Tuesday, March 21st will be given a $0.543 dividend. The ex-dividend date of this dividend is Monday, March 20th. This is an increase from TotalEnergies’s previous quarterly dividend of $0.53. This represents a $2.17 dividend on an annualized basis and a yield of 3.80%. TotalEnergies’s dividend payout ratio (DPR) is currently 27.84%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Piper Sandler cut their price target on TotalEnergies from $66.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, December 19th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 14th. 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 report on Thursday, January 12th. JPMorgan Chase & Co. boosted their target price on shares of TotalEnergies from €68.00 ($73.12) to €73.00 ($78.49) and gave the stock an “overweight” rating in a report on Thursday, January 19th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of TotalEnergies from €54.90 ($59.03) to €60.00 ($64.52) in a research note on Wednesday, December 7th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.27.
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.
Read More
- Get a free copy of the StockNews.com research report on TotalEnergies (TTE)
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