Mirae Asset Global Investments Co. Ltd. lowered its holdings in TotalEnergies SE (NYSE:TTE – Get Rating) by 5.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,051 shares of the company’s stock after selling 6,422 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in TotalEnergies were worth $5,663,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Fisher Asset Management LLC raised its holdings in shares of TotalEnergies by 4.3% in the 1st quarter. Fisher Asset Management LLC now owns 26,050,759 shares of the company’s stock valued at $1,316,605,000 after acquiring an additional 1,081,139 shares in the last quarter. Wellington Management Group LLP increased its position in shares of TotalEnergies by 7.6% during the 1st quarter. Wellington Management Group LLP now owns 9,142,190 shares of the company’s stock valued at $462,045,000 after purchasing an additional 643,607 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of TotalEnergies by 40.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock valued at $320,956,000 after purchasing an additional 1,823,670 shares during the last quarter. Wells Fargo & Company MN bought a new position in shares of TotalEnergies during the 4th quarter valued at about $282,309,000. Finally, Clearbridge Investments LLC increased its position in shares of TotalEnergies by 19.0% during the 1st quarter. Clearbridge Investments LLC now owns 2,242,875 shares of the company’s stock valued at $113,355,000 after purchasing an additional 357,590 shares during the last quarter. Hedge funds and other institutional investors own 7.11% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TTE. Sanford C. Bernstein increased their price objective on TotalEnergies to $74.00 in a research report on Monday, July 4th. Deutsche Bank Aktiengesellschaft increased their price objective on TotalEnergies from €48.10 ($49.08) to €51.30 ($52.35) and gave the company a “hold” rating in a research report on Wednesday, July 6th. HSBC increased their price objective on TotalEnergies from €57.00 ($58.16) to €60.00 ($61.22) and gave the company a “buy” rating in a research report on Wednesday, July 20th. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on TotalEnergies in a research report on Thursday, June 9th. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on TotalEnergies from €56.00 ($57.14) to €59.00 ($60.20) in a research report on Friday, July 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Hold” and a consensus target price of $62.13.
TotalEnergies Price Performance
Shares of TTE stock opened at $47.97 on Friday. The firm has a market cap of $125.04 billion, a P/E ratio of 6.08, a P/E/G ratio of 0.44 and a beta of 0.76. TotalEnergies SE has a fifty-two week low of $45.66 and a fifty-two week high of $61.15. The business’s 50 day moving average price is $50.90 and its 200-day moving average price is $51.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.21.
TotalEnergies (NYSE:TTE – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $3.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.75. The firm had revenue of $74.77 billion for the quarter. TotalEnergies had a return on equity of 25.95% and a net margin of 8.38%. On average, equities research analysts anticipate that TotalEnergies SE will post 13.93 earnings per share for the current year.
TotalEnergies Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Tuesday, September 20th will be paid a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Monday, September 19th. TotalEnergies’s payout ratio is presently 25.60%.
TotalEnergies Company Profile
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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