Americana Partners LLC Grows Stock Holdings in TotalEnergies SE (NYSE:TTE)

Americana Partners LLC increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 1,164.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,694 shares of the company’s stock after buying an additional 78,918 shares during the period. Americana Partners LLC’s holdings in TotalEnergies were worth $4,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Creative Planning lifted its holdings in shares of TotalEnergies by 13.2% in the third quarter. Creative Planning now owns 158,045 shares of the company’s stock valued at $10,213,000 after purchasing an additional 18,412 shares in the last quarter. Net Worth Advisory Group purchased a new stake in shares of TotalEnergies in the third quarter valued at about $321,000. Blue Trust Inc. lifted its holdings in shares of TotalEnergies by 97.1% in the third quarter. Blue Trust Inc. now owns 16,182 shares of the company’s stock valued at $1,079,000 after purchasing an additional 7,973 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of TotalEnergies by 0.6% in the third 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 in the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its holdings in shares of TotalEnergies by 1.3% in the third quarter. Cyndeo Wealth Partners LLC now owns 52,195 shares of the company’s stock valued at $3,373,000 after purchasing an additional 675 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE stock opened at $61.40 on Monday. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. 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 company has a 50 day moving average price of $57.27 and a 200 day moving average price of $62.29. The firm has a market capitalization of $144.99 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Sell-side analysts anticipate that TotalEnergies SE will post 7.92 EPS for the current year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 36.04%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus price target 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.