Commonwealth Equity Services LLC Has $5.45 Million Position in TotalEnergies SE (NYSE:TTE)

Commonwealth Equity Services LLC grew its holdings in TotalEnergies SE (NYSE:TTEGet Rating) by 28.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,874 shares of the company’s stock after purchasing an additional 23,654 shares during the quarter. Commonwealth Equity Services LLC’s holdings in TotalEnergies were worth $5,451,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ropes Wealth Advisors LLC acquired a new position in TotalEnergies in the first quarter worth $989,000. Envestnet Asset Management Inc. lifted its stake in shares of TotalEnergies by 32.0% during the first quarter. Envestnet Asset Management Inc. now owns 1,424,397 shares of the company’s stock valued at $71,989,000 after acquiring an additional 345,116 shares during the period. abrdn plc lifted its stake in shares of TotalEnergies by 0.6% during the first quarter. abrdn plc now owns 390,400 shares of the company’s stock valued at $20,382,000 after acquiring an additional 2,500 shares during the period. Venture Visionary Partners LLC lifted its stake in shares of TotalEnergies by 5.2% during the first quarter. Venture Visionary Partners LLC now owns 14,448 shares of the company’s stock valued at $730,000 after acquiring an additional 712 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its stake in shares of TotalEnergies by 76.3% during the first quarter. Mount Yale Investment Advisors LLC now owns 21,482 shares of the company’s stock valued at $1,086,000 after acquiring an additional 9,298 shares during the period. Institutional investors and hedge funds own 16.60% of the company’s stock.

TotalEnergies Stock Up 0.8 %

NYSE:TTE opened at $49.25 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.21. The company has a market cap of $128.37 billion, a PE ratio of 6.24, a PEG ratio of 0.47 and a beta of 0.76. TotalEnergies SE has a 52-week low of $42.21 and a 52-week high of $61.15. The stock has a 50-day simple moving average of $53.13 and a 200 day simple moving average of $53.14.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 14th. Investors of record on Friday, June 17th were issued a dividend of $0.5099 per share. The ex-dividend date was Thursday, June 16th. This represents a dividend yield of 3.66%. TotalEnergies’s payout ratio is presently 25.73%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TTE shares. HSBC upped their price target on TotalEnergies from €57.00 ($58.76) to €60.00 ($61.86) and gave the company a “buy” rating in a research note on Wednesday, July 20th. They noted that the move was a valuation call. Berenberg Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, May 13th. JPMorgan Chase & Co. upped their price objective on TotalEnergies from €56.00 ($57.73) to €59.00 ($60.82) in a report on Friday, July 15th. UBS Group upped their price objective on TotalEnergies from €57.00 ($58.76) to €59.00 ($60.82) and gave the company a “buy” rating in a report on Friday, April 29th. Finally, Morgan Stanley upped their price objective on TotalEnergies from €56.00 ($57.73) to €58.00 ($59.79) in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.63.

About TotalEnergies

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TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

See Also

Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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