TotalEnergies SE (NYSE:TTE) Shares Bought by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC boosted its holdings in TotalEnergies SE (NYSE:TTE) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,022 shares of the company’s stock after purchasing an additional 1,482 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in TotalEnergies were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its stake in TotalEnergies by 109.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 13,575 shares of the company’s stock worth $740,000 after acquiring an additional 7,084 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in TotalEnergies by 63.4% in the fourth quarter. Yousif Capital Management LLC now owns 60,082 shares of the company’s stock valued at $3,274,000 after purchasing an additional 23,315 shares during the last quarter. Columbus Macro LLC boosted its holdings in TotalEnergies by 56.2% in the fourth quarter. Columbus Macro LLC now owns 38,206 shares of the company’s stock valued at $2,082,000 after purchasing an additional 13,739 shares during the last quarter. Fourpath Capital Management LLC lifted its holdings in TotalEnergies by 30.0% during the 4th quarter. Fourpath Capital Management LLC now owns 18,693 shares of the company’s stock worth $1,019,000 after buying an additional 4,316 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in TotalEnergies by 8.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 4,235 shares of the company’s stock worth $234,000 after buying an additional 312 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Morgan Stanley restated 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 raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Piper Sandler cut their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Down 0.1 %

TotalEnergies stock opened at $60.86 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. The business’s 50-day simple moving average is $56.87 and its 200-day simple moving average is $62.59. The firm has a market capitalization of $143.71 billion, a PE ratio of 8.63, a PEG ratio of 2.02 and a beta of 0.61. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. Equities research analysts forecast that TotalEnergies SE will post 7.73 earnings per share for the current year.

TotalEnergies Cuts Dividend

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

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.