TotalEnergies SE (NYSE:TTE) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,381 shares of the company’s stock after purchasing an additional 4,262 shares during the period. Ritholtz Wealth Management’s holdings in TotalEnergies were worth $2,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of TotalEnergies by 0.4% in the 3rd quarter. FMR LLC now owns 12,364,753 shares of the company’s stock worth $813,106,000 after acquiring an additional 52,562 shares during the last quarter. Wellington Management Group LLP raised its holdings in TotalEnergies by 7.6% during 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 period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of TotalEnergies by 40.3% in the first 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 period. Ameriprise Financial Inc. raised its holdings in shares of TotalEnergies by 3.7% during the third quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock valued at $241,480,000 after acquiring an additional 129,960 shares during the period. Finally, American Century Companies Inc. boosted its stake in TotalEnergies by 0.4% in the 3rd quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock worth $207,852,000 after purchasing an additional 11,094 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on TTE. Jefferies Financial Group lowered TotalEnergies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Piper Sandler reduced their price target on TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $64.33.

TotalEnergies Price Performance

NYSE TTE traded up $0.42 on Thursday, reaching $68.84. The company’s stock had a trading volume of 821,203 shares, compared to its average volume of 1,785,641. The firm has a market cap of $161.89 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.63 and a beta of 0.71. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $69.63. The business has a 50-day moving average price of $65.37 and a 200 day moving average price of $66.12.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The company had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same period in the previous year, the company posted $2.97 earnings per share. Sell-side analysts expect that TotalEnergies SE will post 9.29 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.597 per share. This represents a $2.39 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Monday, March 18th. TotalEnergies’s dividend payout ratio is currently 27.45%.

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.