Keudell Morrison Wealth Management Acquires 889 Shares of TotalEnergies SE (NYSE:TTE)

Keudell Morrison Wealth Management grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 8.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,433 shares of the company’s stock after purchasing an additional 889 shares during the period. Keudell Morrison Wealth Management’s holdings in TotalEnergies were worth $623,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC raised its stake in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Boit C F David bought a new position in shares of TotalEnergies in the third quarter valued at $32,000. Maryland Capital Advisors Inc. bought a new position in shares of TotalEnergies in the third quarter valued at $32,000. Finally, Eastern Bank acquired a new position in TotalEnergies during the third quarter worth $32,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

TTE opened at $58.68 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market capitalization of $138.56 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 2.03 and a beta of 0.61. The business has a fifty day simple moving average of $56.69 and a 200 day simple moving average of $62.97. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97.

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

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 34.75%.

Analyst Ratings Changes

A number of brokerages have recently commented on TTE. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, Piper Sandler cut their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies 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.