Diversify Wealth Management LLC Raises Stock Holdings in TotalEnergies SE (NYSE:TTE)

Diversify Wealth Management LLC grew its stake in TotalEnergies SE (NYSE:TTE) by 33.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,216 shares of the company’s stock after buying an additional 3,284 shares during the quarter. Diversify Wealth Management LLC’s holdings in TotalEnergies were worth $749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. Annex Advisory Services LLC grew its position in shares of TotalEnergies by 3.2% during the fourth quarter. Annex Advisory Services LLC now owns 75,737 shares of the company’s stock worth $4,128,000 after purchasing an additional 2,338 shares in the last quarter. Clarius Group LLC grew its position in shares of TotalEnergies by 6.6% during the fourth quarter. Clarius Group LLC now owns 6,707 shares of the company’s stock worth $366,000 after purchasing an additional 415 shares in the last quarter. J2 Capital Management Inc purchased a new stake in shares of TotalEnergies during the fourth quarter worth about $314,000. HB Wealth Management LLC grew its position in shares of TotalEnergies by 50.9% during the fourth quarter. HB Wealth Management LLC now owns 15,481 shares of the company’s stock worth $844,000 after purchasing an additional 5,219 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in shares of TotalEnergies by 16.3% during the fourth quarter. Arkadios Wealth Advisors now owns 9,828 shares of the company’s stock worth $536,000 after purchasing an additional 1,376 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on TTE shares. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Scotiabank dropped their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Price Performance

NYSE:TTE opened at $59.13 on Wednesday. The firm has a market capitalization of $139.64 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 2.12 and a beta of 0.61. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The business has a 50 day simple moving average of $56.97 and a 200-day simple moving average of $63.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.10). The company had revenue of $52.02 billion during the quarter, compared to the consensus estimate of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same period in the previous year, the business earned $2.63 earnings per share. Equities analysts forecast that TotalEnergies SE will post 7.77 EPS for the current year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is 34.04%.

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.