Wedge Capital Management L L P NC Has $23.85 Million Stake in TotalEnergies SE (NYSE:TTE)

Wedge Capital Management L L P NC boosted its holdings in TotalEnergies SE (NYSE:TTEGet Rating) by 32.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 471,862 shares of the company’s stock after purchasing an additional 115,706 shares during the quarter. Wedge Capital Management L L P NC’s holdings in TotalEnergies were worth $23,848,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Moody National Bank Trust Division raised its position in shares of TotalEnergies by 5.0% in the 1st quarter. Moody National Bank Trust Division now owns 4,763 shares of the company’s stock valued at $241,000 after buying an additional 227 shares in the last quarter. CAPROCK Group Inc. acquired a new position in shares of TotalEnergies in the 1st quarter valued at approximately $268,000. Private Trust Co. NA raised its position in shares of TotalEnergies by 7.3% in the 1st quarter. Private Trust Co. NA now owns 9,554 shares of the company’s stock valued at $483,000 after buying an additional 646 shares in the last quarter. Allied Investment Advisors LLC raised its position in shares of TotalEnergies by 5.0% in the 1st quarter. Allied Investment Advisors LLC now owns 135,123 shares of the company’s stock valued at $6,829,000 after buying an additional 6,466 shares in the last quarter. Finally, Veriti Management LLC raised its position in shares of TotalEnergies by 59.7% in the 1st quarter. Veriti Management LLC now owns 31,055 shares of the company’s stock valued at $1,570,000 after buying an additional 11,608 shares in the last quarter. Institutional investors own 16.60% of the company’s stock.

NYSE:TTE opened at $51.70 on Thursday. The firm’s fifty day moving average is $53.99 and its 200-day moving average is $53.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.00 and a current ratio of 1.20. TotalEnergies SE has a 52 week low of $40.33 and a 52 week high of $61.15. The firm has a market cap of $134.76 billion, a P/E ratio of 7.92, a P/E/G ratio of 0.66 and a beta of 0.80.

TotalEnergies (NYSE:TTEGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.61. TotalEnergies had a net margin of 7.86% and a return on equity of 20.96%. The company had revenue of $68.61 billion for the quarter. As a group, sell-side analysts anticipate that TotalEnergies SE will post 11.81 earnings per share for the current year.

The business also recently announced a dividend, which will be paid on Thursday, July 14th. Investors of record on Friday, June 17th will be given a dividend of $0.5099 per share. The ex-dividend date is Thursday, June 16th. This represents a dividend yield of 3.66%. TotalEnergies’s payout ratio is presently 31.24%.

Several equities research analysts recently issued reports on the stock. HSBC raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Thursday, April 21st. Piper Sandler reaffirmed a “neutral” rating and set a $64.00 price target (down from $72.00) on shares of TotalEnergies in a report on Thursday, April 7th. Royal Bank of Canada lowered shares of TotalEnergies from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $52.00 to $55.00 in a report on Friday, February 25th. Berenberg Bank raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, May 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of TotalEnergies from €58.00 ($61.05) to €56.00 ($58.95) in a report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, TotalEnergies has an average rating of “Hold” and an average price target of $62.17.

TotalEnergies Profile (Get 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 engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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