Cetera Trust Company N.A Has $223,000 Stock Holdings in TotalEnergies SE (NYSE:TTE)

Cetera Trust Company N.A boosted its stake in shares of TotalEnergies SE (NYSE:TTE) by 5.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,090 shares of the company’s stock after buying an additional 220 shares during the period. Cetera Trust Company N.A’s holdings in TotalEnergies were worth $223,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after acquiring an additional 324,033 shares during the period. Franklin Resources Inc. increased its holdings in TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares in the last quarter. Raymond James & Associates raised its stake in shares of TotalEnergies by 0.6% in the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after purchasing an additional 13,022 shares during the period. Natixis Advisors LLC lifted its holdings in shares of TotalEnergies by 4.9% in the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after purchasing an additional 106,347 shares in the last quarter. Finally, Equity Investment Corp boosted its position in shares of TotalEnergies by 2.3% during the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after buying an additional 41,564 shares during the period. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Down 0.7 %

TotalEnergies stock opened at $58.69 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a 50-day simple moving average of $56.97 and a 200 day simple moving average of $63.39. The stock has a market capitalization of $138.60 billion, a P/E ratio of 8.32, a PEG ratio of 2.09 and a beta of 0.61. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The business had revenue of $52.02 billion for the quarter, compared to analyst estimates of $57.03 billion. During the same period in the previous year, the firm posted $2.63 earnings per share. Analysts expect that TotalEnergies SE will post 7.77 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 34.04%.

TotalEnergies Company 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.