April 02, 2024 [Defense World]-Pinnacle Associates Ltd. decreased its position in shares of TotalEnergies SE by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,536 shares of the company’s stock after selling 772 shares during the quarter. Pinnacle Associates Ltd.’s holdings in TotalEnergies were worth $3,473,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of TTE. Arrowstreet Capital Limited Partnership lifted its position in TotalEnergies by 40.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock worth $320,956,000 after purchasing an additional 1,823,670 shares during the period. BNP Paribas Arbitrage SA lifted its position in TotalEnergies by 262,768.3% during the first quarter. BNP Paribas Arbitrage SA now owns 1,824,306 shares of the company’s stock worth $92,200,000 after purchasing an additional 1,823,612 shares during the period. Wellington Management Group LLP lifted its position in TotalEnergies by 7.6% during the first quarter. Wellington Management Group LLP now owns 9,142,190 shares of the company’s stock worth $462,045,000 after purchasing an additional 643,607 shares during the period. Envestnet Asset Management Inc. lifted its position in TotalEnergies by 27.1% during the third quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock worth $181,848,000 after purchasing an additional 590,372 shares during the period. Finally, HighTower Advisors LLC lifted its position in TotalEnergies by 207.8% during the third quarter. HighTower Advisors LLC now owns 667,732 shares of the company’s stock worth $43,934,000 after purchasing an additional 450,788 shares during the period. Institutional investors own 13.22% of the company’s stock.
Analysts Set New Price Targets
Separately, Piper Sandler dropped their target price on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $64.33.
TotalEnergies Stock Up 0.6 %
TTE stock opened at $68.83 on Monday. The stock has a market capitalization of $161.87 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 1.66 and a beta of 0.72. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $69.63. The firm has a 50-day moving average price of $65.57 and a 200-day moving average price of $66.17.
TotalEnergies last posted its earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The company had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same period last year, the company posted $2.97 EPS. As a group, equities research analysts anticipate that TotalEnergies SE will post 9.29 EPS for the current fiscal year.
TotalEnergies Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 19th will be issued a $0.597 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.39 dividend on an annualized basis and a yield of 3.47%. TotalEnergies’s dividend payout ratio (DPR) is presently 27.57%.
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