TotalEnergies SE (NYSE:TTE) Director Acquires $4,502,597.04 in Stock

TotalEnergies SE (NYSE:TTE) Director Se Totalenergies purchased 196,964 shares of the stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the transaction, the director now directly owns 295,235 shares in the company, valued at approximately $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

TotalEnergies Price Performance

Shares of TTE opened at $72.24 on Thursday. The company has a 50 day moving average of $66.02 and a two-hundred day moving average of $66.28. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. TotalEnergies SE has a twelve month low of $54.94 and a twelve month high of $72.34. The company has a market cap of $169.89 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last issued 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 analysts’ expectations of $55.14 billion. During the same quarter in the prior year, the company posted $2.97 EPS. As a group, analysts predict that TotalEnergies SE will post 9.29 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently declared 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 3.31%. TotalEnergies’s payout ratio is 27.45%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On TotalEnergies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PDS Planning Inc increased its stake in TotalEnergies by 2.3% during the 4th quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock valued at $461,000 after purchasing an additional 156 shares in the last quarter. Bartlett & Co. LLC raised its stake in TotalEnergies by 7.6% in the 3rd quarter. Bartlett & Co. LLC now owns 2,210 shares of the company’s stock worth $147,000 after acquiring an additional 157 shares during the last quarter. IFP Advisors Inc raised its stake in TotalEnergies by 10.2% in the 3rd quarter. IFP Advisors Inc now owns 1,695 shares of the company’s stock worth $111,000 after acquiring an additional 157 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in TotalEnergies by 3.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 5,619 shares of the company’s stock worth $370,000 after acquiring an additional 165 shares during the period. Finally, Garland Capital Management Inc. grew its stake in TotalEnergies by 0.3% during the 3rd quarter. Garland Capital Management Inc. now owns 62,402 shares of the company’s stock valued at $4,104,000 after purchasing an additional 165 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

About TotalEnergies

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.