Good Life Advisors LLC Purchases 823 Shares of TotalEnergies SE (NYSE:TTE)

Good Life Advisors LLC lifted its position in TotalEnergies SE (NYSE:TTE) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,532 shares of the company’s stock after buying an additional 823 shares during the quarter. Good Life Advisors LLC’s holdings in TotalEnergies were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. FSA Wealth Management LLC acquired a new position in TotalEnergies during the 3rd quarter worth $26,000. Continuum Advisory LLC increased its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the period. Asset Planning Inc acquired a new position in shares of TotalEnergies during the 4th quarter worth about $31,000. Eastern Bank bought a new stake in TotalEnergies during the 3rd quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC grew its holdings 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 buying an additional 400 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Up 1.1 %

Shares of TTE stock opened at $61.60 on Friday. The firm has a fifty day moving average of $57.64 and a 200-day moving average of $62.20. The stock has a market cap of $145.45 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 0.99 and a beta of 0.61. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping 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%. On average, equities research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Shareholders 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 (DPR) is 36.04%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTE. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report 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. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. 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 stock. According to data from MarketBeat, the company presently has a consensus 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.