MAI Capital Management trimmed its holdings in TotalEnergies SE (NYSE:TTE – Free Report) by 9.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,244 shares of the company’s stock after selling 663 shares during the quarter. MAI Capital Management’s holdings in TotalEnergies were worth $369,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. South Dakota Investment Council grew its holdings in TotalEnergies by 76.6% during the fourth quarter. South Dakota Investment Council now owns 8,299 shares of the company’s stock worth $515,000 after acquiring an additional 3,600 shares during the period. Cyndeo Wealth Partners LLC grew its stake in shares of TotalEnergies by 10.5% during the 1st quarter. Cyndeo Wealth Partners LLC now owns 48,773 shares of the company’s stock worth $805,000 after purchasing an additional 4,620 shares during the period. Perpetual Ltd purchased a new position in shares of TotalEnergies during the 1st quarter valued at approximately $1,061,000. abrdn plc lifted its stake in shares of TotalEnergies by 8.1% in the 1st quarter. abrdn plc now owns 396,860 shares of the company’s stock valued at $23,435,000 after purchasing an additional 29,732 shares during the period. Finally, Caprock Group LLC purchased a new stake in TotalEnergies during the first quarter worth $536,000. 6.93% of the stock is owned by institutional investors and hedge funds.
TotalEnergies Stock Down 0.7 %
Shares of TTE opened at $62.14 on Thursday. The stock has a 50 day moving average price of $59.22 and a 200 day moving average price of $60.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 1.17. The stock has a market capitalization of $152.53 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 0.70 and a beta of 0.79. TotalEnergies SE has a one year low of $44.61 and a one year high of $65.05.
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 dividend of $0.585 per share. This is a boost from TotalEnergies’s previous quarterly dividend of $0.54. This represents a $2.34 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Friday, June 16th. TotalEnergies’s payout ratio is currently 30.90%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on TTE shares. Piper Sandler cut their price objective on shares of TotalEnergies from $68.00 to $64.00 in a report on Tuesday, June 13th. TD Cowen cut their price target on TotalEnergies from $59.00 to $58.00 and set a “market perform” rating for the company in a research note on Thursday, August 17th. Finally, Royal Bank of Canada lowered their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 20th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, TotalEnergies has an average rating of “Hold” and an average target price of $62.67.
Read Our Latest Analysis on TTE
About TotalEnergies
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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