Kestra Private Wealth Services LLC Boosts Holdings in TotalEnergies SE (NYSE:TTE)

Kestra Private Wealth Services LLC raised its holdings in TotalEnergies SE (NYSE:TTE) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,693 shares of the company’s stock after purchasing an additional 846 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in TotalEnergies were worth $1,019,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in TotalEnergies in the third quarter valued at $26,000. Continuum Advisory LLC boosted its holdings in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Maryland Capital Advisors Inc. purchased a new stake in TotalEnergies in the third quarter valued at $32,000. Eastern Bank purchased a new stake in TotalEnergies in the third quarter valued at $32,000. Finally, HHM Wealth Advisors LLC boosted its holdings in TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley reissued an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Up 0.1 %

TTE opened at $60.93 on Friday. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $57.18 and a 200 day moving average price of $62.40. The company has a market cap of $143.88 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Sell-side analysts expect that TotalEnergies SE will post 7.92 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. Shareholders 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%.

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.