Kingswood Wealth Advisors LLC Invests $314,000 in TotalEnergies SE (NYSE:TTE)

Kingswood Wealth Advisors LLC bought a new stake in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,666 shares of the company’s stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its position in TotalEnergies by 0.4% during the third quarter. FMR LLC now owns 12,364,753 shares of the company’s stock valued at $813,106,000 after purchasing an additional 52,562 shares during the period. Wellington Management Group LLP lifted its position in TotalEnergies by 7.6% during the first quarter. Wellington Management Group LLP now owns 9,142,190 shares of the company’s stock valued at $462,045,000 after purchasing an additional 643,607 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in TotalEnergies by 40.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock valued at $320,956,000 after purchasing an additional 1,823,670 shares during the period. Ameriprise Financial Inc. lifted its position in TotalEnergies by 3.7% during the third quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock valued at $241,480,000 after purchasing an additional 129,960 shares during the period. Finally, American Century Companies Inc. lifted its position in TotalEnergies by 0.4% during the third quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock valued at $207,852,000 after purchasing an additional 11,094 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased their target price on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.33.

TotalEnergies Trading Up 0.6 %

Shares of TotalEnergies stock opened at $68.84 on Friday. The firm has a 50-day simple moving average of $65.47 and a two-hundred day simple moving average of $66.14. The company has a market cap of $161.89 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 1.65 and a beta of 0.71. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $69.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share 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 analyst estimates of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same quarter last year, the company posted $2.97 EPS. As a group, equities analysts predict that TotalEnergies SE will post 9.29 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.597 per share. The ex-dividend date is Monday, March 18th. This represents a $2.39 dividend on an annualized basis and a dividend yield of 3.47%. TotalEnergies’s dividend payout ratio is currently 27.57%.

TotalEnergies Company Profile

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.