Drum Hill Capital LLC Buys Shares of 61,538 TotalEnergies SE (NYSE:TTE)

Drum Hill Capital LLC purchased a new stake in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 61,538 shares of the company’s stock, valued at approximately $3,354,000. TotalEnergies comprises 4.2% of Drum Hill Capital LLC’s portfolio, making the stock its 9th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in TTE. FSA Wealth Management LLC acquired a new stake in TotalEnergies in the 3rd quarter valued at approximately $26,000. Continuum Advisory LLC raised its holdings in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the period. Eastern Bank acquired a new position in TotalEnergies during the 3rd quarter worth about $32,000. Asset Planning Inc purchased a new position in TotalEnergies during the 4th quarter valued at about $31,000. Finally, HHM Wealth Advisors LLC grew its position in TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of TTE opened at $60.74 on Friday. The firm has a market capitalization of $143.42 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.98 and a beta of 0.61. The firm’s fifty day simple moving average is $57.74 and its 200-day simple moving average is $62.17. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

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 analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Equities analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were paid a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is 36.04%.

Wall Street Analysts Forecast Growth

TTE has been the topic of several research reports. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Piper Sandler dropped their price target 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. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

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.