WCM Investment Management LLC Purchases 27,651 Shares of TotalEnergies SE (NYSE:TTE)

WCM Investment Management LLC grew its position in TotalEnergies SE (NYSE:TTE) by 152.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,736 shares of the company’s stock after acquiring an additional 27,651 shares during the period. WCM Investment Management LLC’s holdings in TotalEnergies were worth $2,492,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in TotalEnergies in the third quarter valued at about $26,000. Continuum Advisory LLC lifted its holdings in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of TotalEnergies during the 3rd quarter valued at about $32,000. Eastern Bank acquired a new position in shares of TotalEnergies in the 3rd quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC increased its stake in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the subject of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, 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. Six 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $60.27 on Tuesday. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The stock has a market capitalization of $142.32 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The business has a 50-day moving average of $56.94 and a 200-day moving average of $62.47.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, sell-side analysts predict that TotalEnergies SE will post 7.92 earnings per share for the current fiscal 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 $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 36.04%.

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.