Certuity LLC Has $774,000 Position in TotalEnergies SE (NYSE:TTE)

Certuity LLC lifted its stake in shares of TotalEnergies SE (NYSE:TTE) by 4.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,201 shares of the company’s stock after acquiring an additional 633 shares during the period. Certuity LLC’s holdings in TotalEnergies were worth $774,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in shares of TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC increased its stake in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies during the 3rd quarter valued at $32,000. Eastern Bank bought a new stake in TotalEnergies during the 3rd quarter valued at $32,000. Finally, HHM Wealth Advisors LLC increased its stake in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

TotalEnergies Stock Performance

NYSE TTE opened at $60.98 on Wednesday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $144.00 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 2.12 and a beta of 0.61. The company has a fifty day moving average price of $57.02 and a 200-day moving average price of $62.42.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating 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, equities research analysts predict that TotalEnergies SE will post 7.92 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently declared 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 was Tuesday, December 31st. TotalEnergies’s payout ratio is 36.04%.

TotalEnergies 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.