Fifth Third Bancorp cut its position in TotalEnergies SE (NYSE:TTE – Get Rating) by 13.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,422 shares of the company’s stock after selling 5,889 shares during the quarter. Fifth Third Bancorp’s holdings in TotalEnergies were worth $2,323,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Wealth Advisors LLC acquired a new position in shares of TotalEnergies in the 3rd quarter valued at approximately $39,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of TotalEnergies in the 3rd quarter valued at approximately $40,000. Channing Global Advisors LLC acquired a new position in shares of TotalEnergies in the 3rd quarter valued at approximately $42,000. Financial Management Professionals Inc. raised its position in shares of TotalEnergies by 37.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 916 shares of the company’s stock valued at $43,000 after buying an additional 248 shares in the last quarter. Finally, Retirement Financial Solutions LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at approximately $45,000. 6.63% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
TTE has been the subject of a number of research analyst reports. The Goldman Sachs Group cut shares of TotalEnergies from a “buy” rating to a “neutral” rating in a research report on Monday, January 9th. Piper Sandler lowered 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. Wolfe Research upgraded 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. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 14th. Finally, Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 21st. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price of $63.27.
TotalEnergies Trading Up 0.1 %
TotalEnergies (NYSE:TTE – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.04. TotalEnergies had a net margin of 7.47% and a return on equity of 30.48%. The company had revenue of $63.88 billion for the quarter. Equities analysts expect that TotalEnergies SE will post 11.06 earnings per share for the current year.
TotalEnergies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Tuesday, March 21st will be paid a $0.543 dividend. This is a positive change from TotalEnergies’s previous quarterly dividend of $0.53. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Monday, March 20th. TotalEnergies’s dividend payout ratio is currently 27.71%.
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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