Assetmark Inc. lifted its holdings in TotalEnergies SE (NYSE:TTE – Free Report) by 43.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 57,504 shares of the company’s stock after buying an additional 17,348 shares during the quarter. Assetmark Inc.’s holdings in TotalEnergies were worth $3,396,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. Fisher Asset Management LLC lifted its position in shares of TotalEnergies by 1.0% in the 4th quarter. Fisher Asset Management LLC now owns 23,328,736 shares of the company’s stock worth $1,448,248,000 after buying an additional 236,401 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of TotalEnergies by 7.6% in the 1st quarter. Wellington Management Group LLP now owns 9,142,190 shares of the company’s stock worth $462,045,000 after buying an additional 643,607 shares during the last quarter. Bank of America Corp DE lifted its position in shares of TotalEnergies by 14.0% in the 4th quarter. Bank of America Corp DE now owns 8,137,527 shares of the company’s stock worth $505,178,000 after buying an additional 1,000,602 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of TotalEnergies by 5.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,196,744 shares of the company’s stock worth $446,774,000 after buying an additional 364,483 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted 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 worth $320,956,000 after buying an additional 1,823,670 shares during the last quarter. 6.93% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a report on Thursday, July 20th. Piper Sandler dropped their price objective on shares of TotalEnergies from $68.00 to $64.00 in a report on Tuesday, June 13th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.25.
TotalEnergies Stock Up 0.6 %
TotalEnergies stock opened at $61.02 on Tuesday. The stock has a market cap of $149.78 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 0.66 and a beta of 0.79. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $58.30 and its two-hundred day moving average price is $60.44. TotalEnergies SE has a 52 week low of $44.61 and a 52 week high of $65.05.
TotalEnergies Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Tuesday, June 20th were paid a dividend of $0.585 per share. This is a boost from TotalEnergies’s previous quarterly dividend of $0.54. The ex-dividend date was Friday, June 16th. This represents a $2.34 annualized dividend and a yield of 3.83%. TotalEnergies’s dividend payout ratio (DPR) is presently 30.90%.
TotalEnergies Profile
TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.
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