TotalEnergies SE (NYSE:TTE) Shares Acquired by Greenleaf Trust

Greenleaf Trust lifted its position in shares of TotalEnergies SE (NYSE:TTEGet Rating) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,319 shares of the company’s stock after buying an additional 1,143 shares during the period. Greenleaf Trust’s holdings in TotalEnergies were worth $701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TTE. National Asset Management Inc. acquired a new stake in shares of TotalEnergies during the 1st quarter worth $386,000. abrdn plc increased its holdings in shares of TotalEnergies by 0.6% during the 1st quarter. abrdn plc now owns 390,400 shares of the company’s stock worth $20,382,000 after buying an additional 2,500 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of TotalEnergies by 32.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,424,397 shares of the company’s stock worth $71,989,000 after buying an additional 345,116 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of TotalEnergies by 28.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 107,874 shares of the company’s stock worth $5,451,000 after buying an additional 23,654 shares during the last quarter. Finally, Clearstead Advisors LLC increased its holdings in shares of TotalEnergies by 3,760.9% during the 1st quarter. Clearstead Advisors LLC now owns 888 shares of the company’s stock worth $45,000 after buying an additional 865 shares during the last quarter. 7.11% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TTE stock opened at $60.26 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18. TotalEnergies SE has a one year low of $44.61 and a one year high of $61.15. The company’s 50-day simple moving average is $52.77 and its 200-day simple moving average is $52.77. The stock has a market capitalization of $157.07 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.48 and a beta of 0.80.

TotalEnergies (NYSE:TTEGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $3.83 EPS for the quarter, missing the consensus estimate of $3.91 by ($0.08). TotalEnergies had a return on equity of 29.83% and a net margin of 8.67%. The company had revenue of $69.04 billion for the quarter. Equities analysts anticipate that TotalEnergies SE will post 14.41 earnings per share for the current fiscal year.

TotalEnergies Dividend Announcement

The business also recently declared a None dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Monday, December 5th will be given a dividend of $0.767 per share. The ex-dividend date is Friday, December 2nd. TotalEnergies’s payout ratio is 22.65%.

Analyst Ratings Changes

TTE has been the subject of a number of research reports. Erste Group Bank cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of TotalEnergies from €51.30 ($52.35) to €54.90 ($56.02) in a research report on Tuesday, November 1st. Morgan Stanley upped their price target on shares of TotalEnergies from €58.00 ($59.18) to €65.00 ($66.33) in a research report on Tuesday, November 8th. Piper Sandler upped their price target on shares of TotalEnergies from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, November 11th. Finally, Cowen decreased their price target on shares of TotalEnergies from $58.00 to $56.00 in a research report on Friday, September 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.74.

TotalEnergies Profile

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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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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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