TotalEnergies SE (NYSE:TTE) Shares Purchased by Matthews International Capital Management LLC

Matthews International Capital Management LLC increased its holdings in shares of TotalEnergies SE (NYSE:TTEGet Rating) by 33.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,538 shares of the company’s stock after acquiring an additional 1,638 shares during the quarter. Matthews International Capital Management LLC’s holdings in TotalEnergies were worth $304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTE. Price T Rowe Associates Inc. MD grew its position in TotalEnergies by 17.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,672,622 shares of the company’s stock worth $1,298,767,000 after purchasing an additional 3,673,271 shares during the last quarter. FMR LLC grew its position in TotalEnergies by 29.5% in the 2nd quarter. FMR LLC now owns 9,514,738 shares of the company’s stock worth $500,855,000 after purchasing an additional 2,166,385 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in TotalEnergies by 40.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock worth $320,956,000 after purchasing an additional 1,823,670 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in TotalEnergies by 262,768.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,824,306 shares of the company’s stock worth $92,200,000 after purchasing an additional 1,823,612 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in TotalEnergies by 60.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,520,565 shares of the company’s stock worth $132,682,000 after purchasing an additional 945,577 shares during the last quarter. Institutional investors and hedge funds own 6.63% of the company’s stock.

TotalEnergies Stock Down 0.4 %

Shares of NYSE:TTE opened at $63.88 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18. The company has a market cap of $166.51 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 0.57 and a beta of 0.81. TotalEnergies SE has a 52 week low of $44.61 and a 52 week high of $65.05. The firm has a 50 day simple moving average of $61.59 and a 200 day simple moving average of $54.96.

TotalEnergies (NYSE:TTEGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $3.83 EPS for the quarter, missing the consensus estimate of $3.91 by ($0.08). The firm had revenue of $69.04 billion during the quarter. TotalEnergies had a net margin of 8.67% and a return on equity of 29.83%. As a group, research analysts expect that TotalEnergies SE will post 13.97 earnings per share for the current year.

TotalEnergies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Friday, December 30th will be given a $0.529 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, December 29th. This is an increase from TotalEnergies’s previous quarterly dividend of $0.51. TotalEnergies’s dividend payout ratio is 24.94%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TTE shares. JPMorgan Chase & Co. increased their price objective on shares of TotalEnergies from €68.00 ($73.91) to €73.00 ($79.35) and gave the company an “overweight” rating in a report on Thursday, January 19th. Piper Sandler decreased their price objective on shares of TotalEnergies from $66.00 to $61.00 and set a “neutral” rating for the company in a report on Monday, December 19th. Cowen decreased their price objective on shares of TotalEnergies from $58.00 to $56.00 and set a “market perform” rating for the company in a report on Friday, September 30th. Morgan Stanley increased their price objective on shares of TotalEnergies from €58.00 ($63.04) to €65.00 ($70.65) in a report on Tuesday, November 8th. Finally, Cowen decreased their price objective on shares of TotalEnergies from $58.00 to $56.00 in a report on Friday, September 30th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

About TotalEnergies

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TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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