Keating Investment Counselors Inc. Has $6.22 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Keating Investment Counselors Inc. trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,152 shares of the company’s stock after selling 4,665 shares during the period. TotalEnergies makes up about 1.9% of Keating Investment Counselors Inc.’s holdings, making the stock its 11th biggest position. Keating Investment Counselors Inc.’s holdings in TotalEnergies were worth $6,221,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TTE. Creative Planning lifted its position in shares of TotalEnergies by 13.2% in the third quarter. Creative Planning now owns 158,045 shares of the company’s stock worth $10,213,000 after purchasing an additional 18,412 shares in the last quarter. Net Worth Advisory Group acquired a new position in TotalEnergies in the 3rd quarter valued at approximately $321,000. Blue Trust Inc. lifted its position in TotalEnergies by 97.1% in the 3rd quarter. Blue Trust Inc. now owns 16,182 shares of the company’s stock worth $1,079,000 after buying an additional 7,973 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of TotalEnergies by 316.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock valued at $14,784,000 after acquiring an additional 173,810 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of TotalEnergies by 3.9% in the third quarter. Sequoia Financial Advisors LLC now owns 19,062 shares of the company’s stock worth $1,232,000 after acquiring an additional 710 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Up 0.6 %

NYSE TTE opened at $61.40 on Tuesday. The stock has a market capitalization of $144.99 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 2.12 and a beta of 0.61. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The stock’s 50 day moving average price is $57.34 and its two-hundred day moving average price is $62.25. 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 (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping 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, 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 paid a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 36.04%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Piper Sandler reduced their price objective on shares of 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 issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

About TotalEnergies

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.