Mayflower Financial Advisors LLC Has $789,000 Stock Holdings in TotalEnergies SE (NYSE:TTE)

Mayflower Financial Advisors LLC raised its stake in TotalEnergies SE (NYSE:TTE) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,470 shares of the company’s stock after purchasing an additional 1,772 shares during the period. Mayflower Financial Advisors LLC’s holdings in TotalEnergies were worth $789,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TTE. Mather Group LLC. boosted its stake in TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after buying an additional 145 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after buying an additional 165 shares during the period. Integrated Wealth Concepts LLC grew its holdings in TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after acquiring an additional 169 shares during the period. Tradition Wealth Management LLC increased its holdings in TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after purchasing an additional 171 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after buying an additional 181 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTE. 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 upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $58.27 on Wednesday. The company has a fifty day moving average price of $56.76 and a 200 day moving average price of $63.04. The firm has a market cap of $137.59 billion, a PE ratio of 8.26, a PEG ratio of 2.01 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97.

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 analysts’ consensus estimates of $1.84 by ($0.10). The firm had revenue of $52.02 billion for the quarter, compared to the consensus estimate 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 previous year, the business posted $2.63 earnings per share. Research analysts predict that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

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.