Ritholtz Wealth Management Buys 4,262 Shares of TotalEnergies SE (NYSE:TTE)

Ritholtz Wealth Management boosted its position in shares of TotalEnergies SE (NYSE:TTE) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,381 shares of the company’s stock after purchasing an additional 4,262 shares during the quarter. Ritholtz Wealth Management’s holdings in TotalEnergies were worth $2,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TTE. Altfest L J & Co. Inc. boosted its holdings in shares of TotalEnergies by 2.9% in the 4th quarter. Altfest L J & Co. Inc. now owns 36,005 shares of the company’s stock valued at $2,426,000 after acquiring an additional 1,010 shares during the last quarter. Planned Solutions Inc. acquired a new stake in TotalEnergies during the fourth quarter worth about $187,000. Abundance Wealth Counselors raised its position in TotalEnergies by 18.2% during the fourth quarter. Abundance Wealth Counselors now owns 12,970 shares of the company’s stock valued at $874,000 after acquiring an additional 1,993 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at about $268,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of TotalEnergies during the 4th quarter worth approximately $314,000. 13.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TTE. Jefferies Financial Group cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Piper Sandler decreased their price target on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $64.33.

TotalEnergies Trading Up 0.6 %

NYSE TTE traded up $0.42 on Thursday, reaching $68.84. 821,203 shares of the company were exchanged, compared to its average volume of 1,785,641. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average price is $65.37 and its 200 day moving average price is $66.12. The stock has a market capitalization of $161.89 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 1.63 and a beta of 0.71. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $69.63.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The firm had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. During the same period in the previous year, the firm posted $2.97 EPS. Analysts forecast that TotalEnergies SE will post 9.29 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be given a $0.597 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.39 dividend on an annualized basis and a yield of 3.47%. TotalEnergies’s payout ratio is currently 27.45%.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.