TotalEnergies SE (NYSE:TTE) Shares Purchased by Global Retirement Partners LLC

Posted by on Aug 11th, 2023

Global Retirement Partners LLC increased its position in shares of TotalEnergies SE (NYSE:TTE – Free Report) by 77.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,395 shares of the company’s stock after buying an additional 1,480 shares during the period. Global Retirement Partners LLC’s holdings in TotalEnergies were worth $204,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TTE. Aspire Private Capital LLC purchased a new position in TotalEnergies during the first quarter valued at $21,317,050,000. Financial Connections Group Inc. purchased a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $27,000. Sandy Spring Bank purchased a new stake in shares of TotalEnergies in the 1st quarter valued at approximately $27,000. Versant Capital Management Inc raised its stake in shares of TotalEnergies by 940.9% in the 1st quarter. Versant Capital Management Inc now owns 458 shares of the company’s stock valued at $27,000 after acquiring an additional 414 shares during the period. Finally, Arlington Partners LLC purchased a new stake in TotalEnergies during the 1st quarter worth approximately $28,000. 6.93% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 1.2 %

NYSE TTE opened at $63.32 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a 52 week low of $44.61 and a 52 week high of $65.05. The stock has a market capitalization of $155.42 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.68 and a beta of 0.79. The firm has a 50 day moving average of $58.63 and a two-hundred day moving average of $60.44.

TotalEnergies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Tuesday, June 20th were issued a $0.585 dividend. 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 dividend yield of 3.70%. TotalEnergies’s dividend payout ratio is presently 30.90%.

Wall Street Analysts Forecast Growth

TTE has been the topic of several recent research reports. Piper Sandler cut their target price on shares of TotalEnergies from $68.00 to $64.00 in a research note on Tuesday, June 13th. Royal Bank of Canada cut their target price on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.25.

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TotalEnergies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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