Crossmark Global Holdings Inc. Purchases 2,941 Shares of TotalEnergies SE (NYSE:TTE)

Crossmark Global Holdings Inc. increased its position in shares of TotalEnergies SE (NYSE:TTE) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,305 shares of the company’s stock after buying an additional 2,941 shares during the period. Crossmark Global Holdings Inc.’s holdings in TotalEnergies were worth $9,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. Franklin Resources Inc. boosted its holdings in TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the period. Barclays PLC boosted its stake in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares during the period. International Assets Investment Management LLC increased its position in TotalEnergies by 6,367.4% in the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after buying an additional 361,923 shares during the period. FMR LLC lifted 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 buying an additional 324,033 shares during the last quarter. Finally, DRW Securities LLC boosted its position in shares of TotalEnergies by 134.5% in the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after acquiring an additional 250,427 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Down 0.6 %

Shares of TTE opened at $59.13 on Wednesday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock has a market cap of $139.64 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 2.12 and a beta of 0.61. The company has a 50-day moving average price of $56.97 and a two-hundred day moving average price of $63.39. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.10). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The company had revenue of $52.02 billion for the quarter, compared to the consensus estimate of $57.03 billion. During the same quarter last year, the business earned $2.63 EPS. Equities analysts predict that TotalEnergies SE will post 7.77 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

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

Analyst Ratings Changes

TTE has been the topic of a number of research reports. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Morgan Stanley restated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Six 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

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.