Wilmington Savings Fund Society FSB Has $266,000 Position in TotalEnergies SE (NYSE:TTE)

Wilmington Savings Fund Society FSB grew its stake in TotalEnergies SE (NYSE:TTE) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,889 shares of the company’s stock after purchasing an additional 207 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in TotalEnergies were worth $266,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Clear Creek Financial Management LLC bought a new stake in shares of TotalEnergies during the fourth quarter worth approximately $345,000. CWA Asset Management Group LLC acquired a new stake in TotalEnergies during the 3rd quarter worth approximately $823,000. Crossmark Global Holdings Inc. boosted its stake in TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after purchasing an additional 54,478 shares during the period. Logan Capital Management Inc. grew its holdings in TotalEnergies by 22.8% in the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after buying an additional 13,331 shares in the last quarter. Finally, FMR LLC increased its position in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Up 1.0 %

NYSE TTE opened at $60.98 on Wednesday. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The business has a fifty day moving average price of $57.02 and a two-hundred day moving average price of $62.42. 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 stock has a market capitalization of $144.00 billion, a PE ratio of 9.16, a PEG ratio of 2.12 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Equities analysts expect that TotalEnergies SE will post 7.92 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is 36.04%.

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.