Sunpointe LLC Boosts Stake in TotalEnergies SE (NYSE:TTE)

Sunpointe LLC increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 15.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,755 shares of the company’s stock after acquiring an additional 892 shares during the period. Sunpointe LLC’s holdings in TotalEnergies were worth $374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FSA Wealth Management LLC acquired a new stake in TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC lifted its position 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 buying an additional 183 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new stake in TotalEnergies in the 3rd quarter valued at $32,000. Eastern Bank purchased a new stake in TotalEnergies in the 3rd quarter worth $32,000. Finally, Asset Planning Inc acquired a new position in TotalEnergies during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 1.4 %

Shares of TTE opened at $60.92 on Thursday. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $57.53 and a two-hundred day simple moving average of $62.20. The company has a market capitalization of $143.85 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.99 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 (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, equities analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TTE shares. 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. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Piper Sandler decreased their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley restated 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. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.