Gilman Hill Asset Management LLC Boosts Stake in TotalEnergies SE (NYSE:TTE)

Gilman Hill Asset Management LLC boosted its holdings in TotalEnergies SE (NYSE:TTEGet Rating) by 8.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 59,925 shares of the company’s stock after buying an additional 4,690 shares during the period. Gilman Hill Asset Management LLC’s holdings in TotalEnergies were worth $3,154,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in TotalEnergies by 31.0% in the first quarter. Fifth Third Bancorp now owns 32,987 shares of the company’s stock worth $1,667,000 after purchasing an additional 7,809 shares during the last quarter. Argent Trust Co increased its holdings in TotalEnergies by 99.1% during the first quarter. Argent Trust Co now owns 11,659 shares of the company’s stock valued at $590,000 after buying an additional 5,804 shares during the period. Investment Management of Virginia LLC grew its holdings in TotalEnergies by 3.4% in the first quarter. Investment Management of Virginia LLC now owns 32,743 shares of the company’s stock worth $1,655,000 after purchasing an additional 1,082 shares during the last quarter. TD Asset Management Inc. grew its holdings in TotalEnergies by 1.3% in the first quarter. TD Asset Management Inc. now owns 86,721 shares of the company’s stock worth $4,383,000 after purchasing an additional 1,149 shares during the last quarter. Finally, Todd Asset Management LLC grew its holdings in TotalEnergies by 2.8% in the first quarter. Todd Asset Management LLC now owns 1,559,888 shares of the company’s stock worth $78,792,000 after purchasing an additional 42,792 shares during the last quarter. Hedge funds and other institutional investors own 7.11% of the company’s stock.

TotalEnergies Stock Performance

TotalEnergies stock traded down $2.93 during midday trading on Friday, hitting $45.04. 54,303 shares of the company’s stock were exchanged, compared to its average volume of 2,713,124. TotalEnergies SE has a 12-month low of $45.66 and a 12-month high of $61.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.21. The stock has a market cap of $117.40 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 0.44 and a beta of 0.76. The firm’s 50 day simple moving average is $50.90 and its 200 day simple moving average is $51.91.

TotalEnergies (NYSE:TTEGet Rating) last released its earnings results on Thursday, July 28th. The company reported $3.75 EPS for the quarter, hitting the consensus estimate of $3.75. TotalEnergies had a net margin of 8.38% and a return on equity of 25.95%. The company had revenue of $74.77 billion during the quarter. Equities research analysts predict that TotalEnergies SE will post 13.93 EPS for the current year.

TotalEnergies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Tuesday, September 20th will be paid a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Monday, September 19th. TotalEnergies’s dividend payout ratio (DPR) is 25.60%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TTE shares. JPMorgan Chase & Co. boosted their price objective on shares of TotalEnergies from €56.00 ($57.14) to €59.00 ($60.20) in a report on Friday, July 15th. HSBC boosted their target price on shares of TotalEnergies from €57.00 ($58.16) to €60.00 ($61.22) and gave the stock a “buy” rating in a research note on Wednesday, July 20th. They noted that the move was a valuation call. Credit Suisse Group assumed coverage on shares of TotalEnergies in a research note on Thursday, June 9th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TotalEnergies from €48.10 ($49.08) to €51.30 ($52.35) and gave the company a “hold” rating in a research note on Wednesday, July 6th. Finally, Jefferies Financial Group raised shares of TotalEnergies from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Friday, July 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, TotalEnergies has an average rating of “Hold” and a consensus target price of $62.13.

About TotalEnergies

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TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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