Boston Partners cut its stake in TotalEnergies SE (NYSE:TTE – Get Rating) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,543 shares of the company’s stock after selling 318 shares during the quarter. Boston Partners’ holdings in TotalEnergies were worth $468,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in TotalEnergies in the first quarter worth $98,000. Panagora Asset Management Inc. purchased a new stake in TotalEnergies in the first quarter worth $339,000. BlackRock Inc. increased its stake in TotalEnergies by 6.8% in the first quarter. BlackRock Inc. now owns 809,130 shares of the company’s stock worth $40,893,000 after purchasing an additional 51,468 shares during the period. Sei Investments Co. increased its stake in TotalEnergies by 2.8% in the first quarter. Sei Investments Co. now owns 438,146 shares of the company’s stock worth $22,140,000 after purchasing an additional 11,884 shares during the period. Finally, Cetera Investment Advisers increased its stake in TotalEnergies by 18.3% in the first quarter. Cetera Investment Advisers now owns 70,526 shares of the company’s stock worth $3,564,000 after purchasing an additional 10,931 shares during the period. 6.63% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on TotalEnergies from €68.00 ($74.73) to €73.00 ($80.22) and gave the company an “overweight” rating in a research note on Thursday, January 19th. Wolfe Research upgraded TotalEnergies from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research note on Thursday, January 12th. Finally, Morgan Stanley upgraded TotalEnergies from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 21st. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $63.70.
TotalEnergies Price Performance
TotalEnergies (NYSE:TTE – Get Rating) last issued its earnings results on Wednesday, February 8th. The company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.04. The firm had revenue of $63.88 billion for the quarter. TotalEnergies had a return on equity of 28.51% and a net margin of 7.82%. As a group, equities analysts forecast that TotalEnergies SE will post 10.89 earnings per share for the current fiscal year.
TotalEnergies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Tuesday, March 21st were given a $0.543 dividend. The ex-dividend date of this dividend was Monday, March 20th. This represents a $2.17 dividend on an annualized basis and a yield of 3.56%. This is a positive change from TotalEnergies’s previous quarterly dividend of $0.53. TotalEnergies’s dividend payout ratio is currently 26.86%.
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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