Bourgeon Capital Management LLC Has $4.21 Million Position in TotalEnergies SE (NYSE:TTE)

Bourgeon Capital Management LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,229 shares of the company’s stock after selling 813 shares during the period. Bourgeon Capital Management LLC’s holdings in TotalEnergies were worth $4,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its position in TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after buying an additional 1,546,866 shares during the period. Barclays PLC raised its stake in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in TotalEnergies by 6,367.4% in the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after purchasing an additional 361,923 shares during the period. FMR LLC grew its position in TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Finally, DRW Securities LLC increased its holdings in shares of TotalEnergies by 134.5% during the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after purchasing an additional 250,427 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on TTE shares. 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. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Scotiabank dropped their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

NYSE TTE opened at $59.13 on Wednesday. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a 50 day moving average of $56.97 and a 200-day moving average of $63.39. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The firm has a market cap of $139.64 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 2.09 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.74 earnings per share 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 analyst estimates 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 prior year, the business earned $2.63 earnings per share. On average, equities analysts forecast that TotalEnergies SE will post 7.77 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. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.04%.

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.