TotalEnergies SE (NYSE:TTE) Shares Purchased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC lifted its holdings in TotalEnergies SE (NYSE:TTE) by 12.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,343 shares of the company’s stock after purchasing an additional 577 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in TotalEnergies were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. AQR Capital Management LLC lifted its position in TotalEnergies by 189.9% during the 2nd quarter. AQR Capital Management LLC now owns 11,653 shares of the company’s stock worth $777,000 after acquiring an additional 7,633 shares during the period. NewEdge Advisors LLC lifted its position in TotalEnergies by 42.9% during the 2nd quarter. NewEdge Advisors LLC now owns 46,147 shares of the company’s stock worth $3,077,000 after acquiring an additional 13,849 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in TotalEnergies by 9.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 50,229 shares of the company’s stock worth $3,349,000 after acquiring an additional 4,255 shares during the period. Sunbelt Securities Inc. lifted its position in TotalEnergies by 162.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,187 shares of the company’s stock worth $79,000 after acquiring an additional 734 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of TotalEnergies in the 2nd quarter valued at about $9,176,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.9 %

TTE opened at $58.68 on Friday. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The stock has a market capitalization of $138.56 billion, a PE ratio of 8.32, a P/E/G ratio of 2.03 and a beta of 0.61. The business’s 50 day moving average price is $56.69 and its 200 day moving average price is $62.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. The business had revenue of $52.02 billion during the quarter, compared to analyst estimates of $57.03 billion. During the same quarter in the prior year, the company posted $2.63 earnings per share. As a group, equities research analysts expect that TotalEnergies SE will post 7.73 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.75%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Scotiabank decreased their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Piper Sandler decreased their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.