Miller Howard Investments Inc. NY Has $42.35 Million Position in TotalEnergies SE (NYSE:TTE)

Miller Howard Investments Inc. NY cut its position in shares of TotalEnergies SE (NYSE:TTE) by 4.9% in the fourth quarter, Holdings Channel reports. The firm owned 776,976 shares of the company’s stock after selling 39,890 shares during the period. TotalEnergies accounts for 1.4% of Miller Howard Investments Inc. NY’s investment portfolio, making the stock its 27th largest holding. Miller Howard Investments Inc. NY’s holdings in TotalEnergies were worth $42,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TTE. FSA Wealth Management LLC acquired a new position in shares of TotalEnergies during the third quarter valued at about $26,000. Continuum Advisory LLC boosted its stake in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new stake in shares of TotalEnergies during the third quarter worth approximately $32,000. Eastern Bank acquired a new position in TotalEnergies in the third quarter worth $32,000. Finally, HHM Wealth Advisors LLC raised its stake in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, 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. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Down 0.1 %

Shares of TotalEnergies stock 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 stock has a market capitalization of $143.71 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a 50 day moving average price of $56.87 and a two-hundred day moving average price of $62.56.

TotalEnergies (NYSE:TTE) last released 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 return on equity of 15.22% and a net margin of 7.34%. As a group, equities analysts anticipate that TotalEnergies SE will post 7.92 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 36.04%.

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.