TotalEnergies SE (NYSE:TTE) Stock Holdings Increased by Boston Financial Mangement LLC

Boston Financial Mangement LLC grew its position in shares of TotalEnergies SE (NYSE:TTE) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,361 shares of the company’s stock after buying an additional 250 shares during the period. Boston Financial Mangement LLC’s holdings in TotalEnergies were worth $2,690,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new position in TotalEnergies during the third quarter worth $26,000. Continuum Advisory LLC lifted its position in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Asset Planning Inc acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $31,000. Eastern Bank bought a new stake in shares of TotalEnergies during the 3rd quarter valued at about $32,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in TotalEnergies during the third quarter worth about $32,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Down 1.4 %

Shares of TTE stock opened at $60.92 on Thursday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The firm has a market capitalization of $143.85 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.99 and a beta of 0.61. The stock has a fifty day moving average of $57.53 and a two-hundred day moving average of $62.20. 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 data 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 net margin of 7.34% and a return on equity of 15.22%. As a group, research analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 36.04%.

Analyst Ratings Changes

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