TotalEnergies SE (NYSE:TTE) Director Se Totalenergies Acquires 196,964 Shares

TotalEnergies SE (NYSE:TTEGet Free Report) Director Se Totalenergies acquired 196,964 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was purchased at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the purchase, the director now owns 295,235 shares in the company, valued at approximately $6,749,072.10. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

TotalEnergies Price Performance

TotalEnergies stock opened at $69.74 on Tuesday. The company has a market cap of $164.01 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.66 and a beta of 0.72. The business’s 50 day simple moving average is $65.70 and its 200 day simple moving average is $66.19. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $69.81.

TotalEnergies (NYSE:TTEGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The firm had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same quarter in the prior year, the firm posted $2.97 earnings per share. Sell-side analysts forecast that TotalEnergies SE will post 9.29 EPS for the current year.

TotalEnergies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.597 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.39 annualized dividend and a dividend yield of 3.42%. TotalEnergies’s dividend payout ratio is currently 27.57%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their price target on TotalEnergies from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.33.

Check Out Our Latest Stock Report on TotalEnergies

Hedge Funds Weigh In On TotalEnergies

Hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in shares of TotalEnergies during the first quarter valued at about $98,000. Panagora Asset Management Inc. bought a new position in TotalEnergies in the 1st quarter valued at $339,000. BlackRock Inc. grew its position in shares of TotalEnergies by 6.8% during the 1st quarter. BlackRock Inc. now owns 809,130 shares of the company’s stock valued at $40,893,000 after purchasing an additional 51,468 shares in the last quarter. Sei Investments Co. raised its position in shares of TotalEnergies by 2.8% in the first quarter. Sei Investments Co. now owns 438,146 shares of the company’s stock worth $22,140,000 after buying an additional 11,884 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in TotalEnergies by 18.3% during the first quarter. Cetera Investment Advisers now owns 70,526 shares of the company’s stock valued at $3,564,000 after buying an additional 10,931 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Company Profile

(Get Free Report)

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.

Further Reading

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