TotalEnergies SE (NYSE:TTE) Shares Purchased by Lantz Financial LLC

Lantz Financial LLC raised its stake in TotalEnergies SE (NYSE:TTE) by 17.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,392 shares of the company’s stock after purchasing an additional 1,814 shares during the quarter. Lantz Financial LLC’s holdings in TotalEnergies were worth $675,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. CWA Asset Management Group LLC acquired a new position in TotalEnergies in the third quarter valued at $823,000. Crossmark Global Holdings Inc. raised its holdings in shares of TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after purchasing an additional 54,478 shares during the period. Logan Capital Management Inc. lifted its stake in shares of TotalEnergies by 22.8% in the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares in the last quarter. FMR LLC grew its holdings in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the period. Finally, Equity Investment Corp increased its position in TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after purchasing an additional 41,564 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Piper Sandler reduced their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Morgan Stanley restated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Up 0.0 %

Shares of NYSE TTE opened at $58.78 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The stock’s 50-day simple moving average is $56.86 and its 200-day simple moving average is $63.25. The firm has a market cap of $138.79 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 2.01 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.10). The business had revenue of $52.02 billion for the quarter, compared to analysts’ expectations of $57.03 billion. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. During the same quarter in the prior year, the firm earned $2.63 earnings per share. As a group, equities analysts anticipate that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 34.04%.

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.