1,151 Shares in TotalEnergies SE (NYSE:TTE) Acquired by CX Institutional

CX Institutional bought a new stake in TotalEnergies SE (NYSE:TTE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,151 shares of the company’s stock, valued at approximately $74,000.

Several other large investors also recently modified their holdings of the business. Financial Management Professionals Inc. lifted its stake in TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after acquiring an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of TotalEnergies in the fourth quarter valued at about $32,000. SRS Capital Advisors Inc. raised its holdings in TotalEnergies by 108.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company’s stock worth $65,000 after acquiring an additional 617 shares in the last quarter. General Partner Inc. bought a new stake in TotalEnergies during the first quarter worth about $65,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in TotalEnergies by 173.7% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,147 shares of the company’s stock valued at $74,000 after purchasing an additional 728 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

Shares of TTE stock opened at $62.63 on Tuesday. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $71.03. The company has a market capitalization of $150.15 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.98 and a beta of 0.56. The company has a 50-day simple moving average of $58.79 and a 200 day simple moving average of $58.89. 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 issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The firm had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. On average, sell-side analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be paid a $0.7108 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies’s dividend payout ratio (DPR) is presently 47.81%.

Analysts Set New Price Targets

Several research analysts have weighed in on TTE shares. Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday. Piper Sandler lifted their price objective on shares of TotalEnergies from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Finally, HSBC reaffirmed a “buy” rating on shares of TotalEnergies in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.36.

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.