Massachusetts Financial Services Co. MA Purchases 8,232 Shares of TotalEnergies SE (NYSE:TTE)

Massachusetts Financial Services Co. MA grew its position in TotalEnergies SE (NYSE:TTEFree Report) by 10.5% in the third quarter, HoldingsChannel.com reports. The firm owned 86,637 shares of the company’s stock after acquiring an additional 8,232 shares during the period. Massachusetts Financial Services Co. MA’s holdings in TotalEnergies were worth $5,697,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC boosted its position in shares of TotalEnergies by 1.7% in the second quarter. Fisher Asset Management LLC now owns 20,456,087 shares of the company’s stock worth $1,179,808,000 after purchasing an additional 340,627 shares during the period. Wellington Management Group LLP boosted its position in shares of TotalEnergies by 7.6% in the first quarter. Wellington Management Group LLP now owns 9,142,190 shares of the company’s stock worth $462,045,000 after purchasing an additional 643,607 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 period. Capital International Investors boosted its position in shares of TotalEnergies by 3.2% during the second quarter. Capital International Investors now owns 3,958,095 shares of the company’s stock worth $225,849,000 after acquiring an additional 123,222 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of TotalEnergies by 8.6% during the second quarter. Goldman Sachs Group Inc. now owns 2,936,134 shares of the company’s stock worth $169,239,000 after acquiring an additional 231,309 shares during the last quarter. 6.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $64.31 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. The firm has a fifty day moving average price of $66.03 and a 200 day moving average price of $65.25. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $69.63. The firm has a market cap of $157.85 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 1.60 and a beta of 0.72.

TotalEnergies (NYSE:TTEGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The business had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. During the same quarter last year, the business earned $2.97 EPS. As a group, sell-side analysts expect that TotalEnergies SE will post 9.03 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed 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 yield of 3.71%. TotalEnergies’s dividend payout ratio (DPR) is currently 27.57%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.67.

Check Out Our Latest Research Report on TTE

About TotalEnergies

(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.

See Also

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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