Townsend & Associates Inc Purchases 8,027 Shares of TotalEnergies SE (NYSE:TTE)

Townsend & Associates Inc lifted its position in TotalEnergies SE (NYSE:TTE) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 274,023 shares of the company’s stock after buying an additional 8,027 shares during the period. TotalEnergies comprises 1.7% of Townsend & Associates Inc’s portfolio, making the stock its 28th largest holding. Townsend & Associates Inc’s holdings in TotalEnergies were worth $16,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. FSA Wealth Management LLC bought a new position in TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC lifted its position in 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 purchasing an additional 183 shares during the period. Asset Planning Inc bought a new position in TotalEnergies during the fourth quarter valued at approximately $31,000. Eastern Bank bought a new position in TotalEnergies during the third quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC lifted its position in TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 1.4 %

TTE opened at $60.74 on Friday. The firm’s 50 day simple moving average is $57.74 and its two-hundred day simple moving average is $62.15. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $143.42 billion, a PE ratio of 9.12, a PEG ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, equities analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 21st. Stockholders 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 (DPR) is presently 36.04%.

Analyst Ratings Changes

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