Harbor Investment Advisory LLC bought a new position in TotalEnergies SE (NYSE: TTE – Get Rating) in Q1, according to the company in its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The company bought 1,106 shares of the company, valued at around $56,000.
A number of other hedge funds and other institutional investors also changed their holdings of TTE. Patriot Financial Group Insurance Agency LLC acquired a new stake in TotalEnergies in the fourth quarter worth approximately $49,000. Gradient Investments LLC acquired a new stake in TotalEnergies in the fourth quarter worth approximately $38,000. First Hawaiian Bank acquired a new stake in TotalEnergies in the fourth quarter worth approximately $1,111,000. Moody’s National Bank Trust Division acquired a new stake in TotalEnergies in the fourth quarter worth approximately $224,000. Finally, Wedbush Securities Inc. acquired a new stake in TotalEnergies in the fourth quarter worth approximately $484,000. 16.60% of the shares are held by institutional investors and hedge funds.
TTE has been the subject of several research reports. Jefferies Financial Group upgraded TotalEnergies from a “hold” rating to a “buy” rating and set a target price of $60.00 for the company in a report released Friday. HSBC upgraded TotalEnergies from a “hold” rating to a “buy” rating in a Thursday, April 21 report. Piper Sandler reaffirmed a “neutral” rating and set a target price of $64.00 (from $72.00 previously) on TotalEnergies shares in a Thursday, April 7 report. Deutsche Bank Aktiengesellschaft downgraded TotalEnergies from a “buy” rating to a “hold” rating in a Wednesday, March 23 report. Finally, Sanford C. Bernstein upgraded TotalEnergies from a “market performance” rating to an “outperform” rating in a Wednesday, June 29 report. One financial analyst has assigned the stock a sell rating, five have issued a hold rating and seven have assigned the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.86.
Shares of TTE opened at $52.83 on Monday. The stock has a 50-day moving average of $54.24 and a 200-day moving average of $53.49. The company has a current ratio of 1.20, a quick ratio of 1.00 and a debt ratio of 0.39. The stock has a market capitalization of $137.71 billion, a P/E ratio of 8.09, a P/E/G ratio of 0.68 and a beta of 0.82. TotalEnergies SE has a 12-month low of $40.33 and a 12-month high of $61.15.
TotalEnergies (NYSE: TTE – Get Rating) last announced its quarterly results on Thursday, April 28. The company reported earnings per share of $3.40 for the quarter, beating the consensus estimate of $2.79 by $0.61. The company had revenue of $68.61 billion in the quarter. TotalEnergies posted a return on equity of 20.96% and a net margin of 7.86%. On average, research analysts expect TotalEnergies SE to post 11.81 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Thursday, July 14. Shareholders of record on Friday, June 17 will receive a dividend of $0.5099. This represents a dividend yield of 3.66%. The ex-dividend date is Thursday, June 16. TotalEnergies’ dividend payout ratio (DPR) is currently 31.24%.
About TotalEnergies (Get a rating)
TotalEnergies SE operates as an integrated oil and gas company worldwide. The Company operates through four segments: Integrated Gas, Renewables & Power; Exploration-Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment is engaged in the production, shipping, trading and regasification of liquefied natural gas; trading in liquefied petroleum gas (LPG), petroleum and sulfur coke, natural gas and electricity; transportation of natural gas; production of electricity from natural gas, wind, solar, hydroelectric and biogas sources; energy storage activities; and the development and operation of biomethane production units, as well as energy efficiency services.
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