Valeo Financial Advisors LLC Has $513,000 Position in TotalEnergies SE (NYSE:TTE)

Valeo Financial Advisors LLC lessened its position in TotalEnergies SE (NYSE:TTE) by 7.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,422 shares of the company’s stock after selling 749 shares during the quarter. Valeo Financial Advisors LLC’s holdings in TotalEnergies were worth $513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TTE. Franklin Resources Inc. increased its stake in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares during the period. Barclays PLC increased its stake in shares of TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after buying an additional 490,187 shares during the period. International Assets Investment Management LLC increased its stake in shares of TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after buying an additional 361,923 shares during the period. FMR LLC increased its stake in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the period. Finally, DRW Securities LLC increased its stake in shares of TotalEnergies by 134.5% in the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after buying an additional 250,427 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TTE shares. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Piper Sandler decreased their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 0.6 %

Shares of TotalEnergies stock opened at $61.40 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The stock has a 50 day moving average price of $57.27 and a two-hundred day moving average price of $62.29. The stock has a market capitalization of $144.99 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, equities analysts anticipate that TotalEnergies SE will post 7.92 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is currently 36.79%.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.