Ingalls & Snyder LLC Boosts Stock Position in TotalEnergies SE (NYSE:TTE)

Ingalls & Snyder LLC boosted its holdings in TotalEnergies SE (NYSE:TTE) by 86.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,860 shares of the company’s stock after purchasing an additional 87,735 shares during the period. Ingalls & Snyder LLC’s holdings in TotalEnergies were worth $10,293,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TTE. FSA Wealth Management LLC purchased a new position in shares of TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC lifted its position in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the last quarter. Maryland Capital Advisors Inc. purchased a new position in shares of TotalEnergies during the 3rd quarter valued at $32,000. Eastern Bank purchased a new position in shares of TotalEnergies during the 3rd quarter valued at $32,000. Finally, HHM Wealth Advisors LLC lifted its position in shares of TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Morgan Stanley reissued 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. Finally, Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE opened at $60.90 on Thursday. The stock has a market capitalization of $143.81 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock’s 50-day simple moving average is $57.11 and its 200 day simple moving average is $62.41. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Research analysts forecast that TotalEnergies SE will post 7.92 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 36.04%.

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.