SVB Wealth LLC increased its stake in TotalEnergies SE (NYSE:TTE – Get Rating) by 65.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,479 shares of the company’s stock after purchasing an additional 2,962 shares during the quarter. SVB Wealth LLC’s holdings in TotalEnergies were worth $348,000 at the end of the most recent quarter.
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A number of other large investors have also made changes to their positions in TTE. Price T Rowe Associates Inc. MD increased its holdings in shares of TotalEnergies by 17.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,672,622 shares of the company’s stock valued at $1,298,767,000 after purchasing an additional 3,673,271 shares in the last quarter. FMR LLC increased its holdings in TotalEnergies by 29.5% during the 2nd quarter. FMR LLC now owns 9,514,738 shares of the company’s stock valued at $500,855,000 after acquiring an additional 2,166,385 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in TotalEnergies by 40.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock valued at $320,956,000 after acquiring an additional 1,823,670 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in TotalEnergies by 262,768.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,824,306 shares of the company’s stock valued at $92,200,000 after acquiring an additional 1,823,612 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in TotalEnergies by 60.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,520,565 shares of the company’s stock valued at $132,682,000 after acquiring an additional 945,577 shares in the last quarter. Hedge funds and other institutional investors own 6.63% of the company’s stock.
Wall Street Analyst Weigh In
TTE has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of TotalEnergies from €68.00 ($73.12) to €73.00 ($78.49) and gave the company an “overweight” rating in a report on Thursday, January 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of TotalEnergies from €54.90 ($59.03) to €60.00 ($64.52) in a report on Wednesday, December 7th. Morgan Stanley raised their price target on shares of TotalEnergies from €58.00 ($62.37) to €65.00 ($69.89) in a research note on Tuesday, November 8th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 14th. Finally, The Goldman Sachs Group cut shares of TotalEnergies from a “buy” rating to a “neutral” rating in a research note on Monday, January 9th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.58.
TotalEnergies Price Performance
TTE opened at $64.66 on Thursday. The company’s 50 day simple moving average is $62.31 and its 200 day simple moving average is $56.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.94 and a current ratio of 1.15. TotalEnergies SE has a 1 year low of $44.61 and a 1 year high of $65.05. The stock has a market capitalization of $168.54 billion, a PE ratio of 8.26, a P/E/G ratio of 0.55 and a beta of 0.79.
TotalEnergies Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 25th. Shareholders of record on Friday, December 30th were given a dividend of $0.529 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.27%. This is a boost from TotalEnergies’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Thursday, December 29th. TotalEnergies’s payout ratio is 27.84%.
About TotalEnergies
TotalEnergies SE engages in the exploration and production of fuels, natural gas and low carbon electricity. It operates through the following business segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals and Marketing & Services. The Exploration & Production segment encompasses oil and natural gas exploration and production activities.
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