OLD National Bancorp IN lessened its holdings in shares of TotalEnergies SE (NYSE:TTE – Get Rating) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,706 shares of the company’s stock after selling 1,235 shares during the quarter. OLD National Bancorp IN’s holdings in TotalEnergies were worth $1,595,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. Creative Financial Designs Inc. ADV increased its position in shares of TotalEnergies by 63.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 490 shares of the company’s stock valued at $30,000 after buying an additional 190 shares during the period. Destiny Wealth Partners LLC increased its holdings in shares of TotalEnergies by 58.6% during the fourth quarter. Destiny Wealth Partners LLC now owns 509 shares of the company’s stock valued at $32,000 after acquiring an additional 188 shares in the last quarter. Retirement Financial Solutions LLC bought a new stake in TotalEnergies in the 4th quarter worth about $45,000. Solstein Capital LLC boosted its position in TotalEnergies by 73.4% in the fourth quarter. Solstein Capital LLC now owns 737 shares of the company’s stock worth $46,000 after purchasing an additional 312 shares during the last quarter. Finally, Guardian Wealth Advisors LLC purchased a new position in shares of TotalEnergies during the 3rd quarter valued at about $39,000. Institutional investors own 6.63% of the company’s stock.
TotalEnergies Price Performance
TTE stock opened at $63.45 on Monday. 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 $157.48 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 0.61 and a beta of 0.79. The stock’s fifty day simple moving average is $61.53 and its 200-day simple moving average is $60.02. TotalEnergies SE has a 52-week low of $44.61 and a 52-week high of $65.05.
TotalEnergies Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Tuesday, March 21st were paid a $0.543 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.42%. This is an increase from TotalEnergies’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, March 20th. TotalEnergies’s dividend payout ratio (DPR) is 28.10%.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Wolfe Research raised TotalEnergies from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Thursday, January 12th. Morgan Stanley raised TotalEnergies from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 21st. JPMorgan Chase & Co. increased their price objective on TotalEnergies from €68.00 ($73.91) to €73.00 ($79.35) and gave the company an “overweight” rating in a report on Thursday, January 19th. Finally, The Goldman Sachs Group downgraded TotalEnergies from a “buy” rating to a “neutral” rating in a research report on Monday, January 9th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.
Further Reading
- Get a free copy of the StockNews.com research report on TotalEnergies (TTE)
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