Genesis Private Wealth LLC Acquires Shares of 4,923 TotalEnergies SE (NYSE:TTE)

Genesis Private Wealth LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,923 shares of the company’s stock, valued at approximately $268,000.

Several other institutional investors have also modified their holdings of TTE. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies in the third quarter worth $26,000. Continuum Advisory LLC boosted its holdings in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the period. Boit C F David acquired a new position in TotalEnergies in the third quarter worth $32,000. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies during the third quarter valued at $32,000. Finally, Eastern Bank bought a new position in shares of TotalEnergies in the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TTE. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE opened at $59.13 on Wednesday. The firm has a market capitalization of $139.64 billion, a PE ratio of 8.39, a P/E/G ratio of 2.09 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $56.97 and a 200 day moving average price of $63.39. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.10). The company had revenue of $52.02 billion during the quarter, compared to the consensus estimate of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same quarter last year, the business earned $2.63 earnings per share. On average, sell-side analysts anticipate that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.04%.

TotalEnergies Company 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.