Qube Research & Technologies Ltd Sells 72,701 Shares of TotalEnergies SE (NYSE:TTE)

Qube Research & Technologies Ltd cut its holdings in TotalEnergies SE (NYSE:TTEFree Report) by 37.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,925 shares of the company’s stock after selling 72,701 shares during the period. Qube Research & Technologies Ltd’s holdings in TotalEnergies were worth $8,149,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Bartlett & Co. LLC lifted its position in shares of TotalEnergies by 7.6% during the third quarter. Bartlett & Co. LLC now owns 2,210 shares of the company’s stock worth $147,000 after acquiring an additional 157 shares in the last quarter. IFP Advisors Inc raised its position in shares of TotalEnergies by 10.2% in the third quarter. IFP Advisors Inc now owns 1,695 shares of the company’s stock worth $111,000 after buying an additional 157 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of TotalEnergies by 3.0% in the third quarter. Geneos Wealth Management Inc. now owns 5,619 shares of the company’s stock worth $370,000 after buying an additional 165 shares in the last quarter. Garland Capital Management Inc. raised its position in shares of TotalEnergies by 0.3% in the third quarter. Garland Capital Management Inc. now owns 62,402 shares of the company’s stock worth $4,104,000 after buying an additional 165 shares in the last quarter. Finally, Lantz Financial LLC raised its position in shares of TotalEnergies by 1.3% in the third quarter. Lantz Financial LLC now owns 12,515 shares of the company’s stock worth $823,000 after buying an additional 166 shares in the last quarter. 6.53% of the stock is owned by institutional investors.

TotalEnergies Trading Down 0.3 %

Shares of TTE stock opened at $64.33 on Tuesday. TotalEnergies SE has a 1 year low of $54.94 and a 1 year high of $69.63. The firm has a fifty day moving average price of $65.19 and a 200-day moving average price of $65.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. The company has a market cap of $151.29 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 1.56 and a beta of 0.71.

TotalEnergies (NYSE:TTEGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). The company had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same quarter in the previous year, the firm earned $2.97 EPS. As a group, equities analysts predict that TotalEnergies SE will post 9.28 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be paid a $0.597 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.39 dividend on an annualized basis and a yield of 3.71%. TotalEnergies’s dividend payout ratio is currently 27.57%.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on TTE

TotalEnergies Company Profile

(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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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