Raleigh Capital Management Inc. Raises Stock Position in TotalEnergies SE (NYSE:TTE)

Raleigh Capital Management Inc. boosted its position in shares of TotalEnergies SE (NYSE:TTE) by 28.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,889 shares of the company’s stock after acquiring an additional 6,796 shares during the period. Raleigh Capital Management Inc.’s holdings in TotalEnergies were worth $1,683,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in TotalEnergies during the 3rd quarter worth approximately $26,000. Continuum Advisory LLC grew its holdings in shares of TotalEnergies by 70.4% during the third 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. Boit C F David acquired a new position in shares of TotalEnergies in the 3rd quarter valued at $32,000. Maryland Capital Advisors Inc. acquired a new stake in TotalEnergies during the 3rd quarter worth about $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies during the 3rd quarter valued at about $32,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on TTE shares. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Scotiabank dropped their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Down 1.7 %

TotalEnergies stock opened at $58.09 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $137.18 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61. The business has a 50 day simple moving average of $56.93 and a 200-day simple moving average of $63.36. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $57.03 billion. During the same period in the previous year, the firm posted $2.63 EPS. On average, analysts anticipate that TotalEnergies SE will post 7.77 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 21st. Investors 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%.

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.