Robertson Stephens Wealth Management LLC Has $776,000 Holdings in TotalEnergies SE (NYSE:TTE)

Robertson Stephens Wealth Management LLC increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,022 shares of the company’s stock after buying an additional 1,482 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in TotalEnergies were worth $776,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TTE. FSA Wealth Management LLC bought a new position in TotalEnergies during the 3rd quarter worth about $26,000. Continuum Advisory LLC increased its holdings in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Maryland Capital Advisors Inc. bought a new position in TotalEnergies during the 3rd quarter worth about $32,000. Eastern Bank bought a new position in TotalEnergies during the 3rd quarter worth about $32,000. Finally, HHM Wealth Advisors LLC increased its holdings in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.1 %

Shares of NYSE:TTE opened at $60.86 on Friday. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a market capitalization of $143.71 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. The company has a 50-day simple moving average of $56.87 and a 200 day simple moving average of $62.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. Sell-side analysts forecast that TotalEnergies SE will post 7.73 earnings per share for the current 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 given a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Piper Sandler lowered their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. 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. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

About TotalEnergies

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.