Kestra Private Wealth Services LLC Reduces Stock Position in TotalEnergies SE (NYSE:TTE)

Kestra Private Wealth Services LLC reduced its stake in shares of TotalEnergies SE (NYSE:TTEGet Rating) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,679 shares of the company’s stock after selling 946 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in TotalEnergies were worth $439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TTE. Wells Fargo & Company MN bought a new stake in TotalEnergies in the 4th quarter worth about $282,309,000. Arrowstreet Capital Limited Partnership increased its position in TotalEnergies by 40.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock worth $320,956,000 after purchasing an additional 1,823,670 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of TotalEnergies by 262,768.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,824,306 shares of the company’s stock valued at $92,200,000 after acquiring an additional 1,823,612 shares during the last quarter. Capital International Investors bought a new position in shares of TotalEnergies during the 4th quarter valued at approximately $88,439,000. Finally, Mackenzie Financial Corp purchased a new position in shares of TotalEnergies during the 4th quarter worth about $82,872,000. 7.11% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TTE stock opened at $48.94 on Tuesday. The company has a market cap of $127.57 billion, a P/E ratio of 6.20, a PEG ratio of 0.46 and a beta of 0.76. The firm has a fifty day moving average price of $50.89 and a 200 day moving average price of $51.97. The company has a current ratio of 1.21, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 12 month low of $43.21 and a 12 month high of $61.15.

TotalEnergies (NYSE:TTEGet Rating) last posted its earnings results on Thursday, July 28th. The company reported $3.75 earnings per share for the quarter, hitting the consensus estimate of $3.75. The firm had revenue of $74.77 billion during the quarter. TotalEnergies had a return on equity of 25.95% and a net margin of 8.38%. Sell-side analysts predict that TotalEnergies SE will post 13.93 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Tuesday, September 20th will be issued a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Monday, September 19th. TotalEnergies’s payout ratio is 25.73%.

Wall Street Analysts Forecast Growth

TTE has been the subject of several recent research reports. HSBC boosted their price target on TotalEnergies from €57.00 ($58.16) to €60.00 ($61.22) and gave the stock a “buy” rating in a research report on Wednesday, July 20th. They noted that the move was a valuation call. Sanford C. Bernstein lifted their price target on TotalEnergies to $74.00 in a research report on Monday, July 4th. Jefferies Financial Group upgraded TotalEnergies from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Friday, July 1st. Piper Sandler decreased their target price on shares of TotalEnergies from $69.00 to $64.00 and set a “neutral” rating on the stock in a research note on Monday, September 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TotalEnergies from €48.10 ($49.08) to €51.30 ($52.35) and gave the company a “hold” rating in a report on Wednesday, July 6th. 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.13.

TotalEnergies Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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