Raymond James Trust N.A. Purchases 4,264 Shares of TotalEnergies SE (NYSE:TTE)

Raymond James Trust N.A. boosted its stake in shares of TotalEnergies SE (NYSE:TTEGet Rating) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,579 shares of the company’s stock after purchasing an additional 4,264 shares during the period. Raymond James Trust N.A.’s holdings in TotalEnergies were worth $4,294,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TTE. Aptus Capital Advisors LLC lifted its stake in shares of TotalEnergies by 3.9% in the 1st quarter. Aptus Capital Advisors LLC now owns 5,611 shares of the company’s stock valued at $288,000 after purchasing an additional 209 shares during the period. Moody National Bank Trust Division raised its stake in TotalEnergies by 5.0% during the 1st quarter. Moody National Bank Trust Division now owns 4,763 shares of the company’s stock worth $241,000 after buying an additional 227 shares during the period. Financial Advocates Investment Management raised its stake in TotalEnergies by 2.6% during the 1st quarter. Financial Advocates Investment Management now owns 9,909 shares of the company’s stock worth $501,000 after buying an additional 251 shares during the period. LGT Group Foundation raised its stake in TotalEnergies by 0.8% during the 1st quarter. LGT Group Foundation now owns 34,110 shares of the company’s stock worth $1,781,000 after buying an additional 256 shares during the period. Finally, Corsicana & Co. raised its stake in TotalEnergies by 17.8% during the 2nd quarter. Corsicana & Co. now owns 1,757 shares of the company’s stock worth $92,000 after buying an additional 265 shares during the period. 7.11% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

TTE stock opened at $47.97 on Friday. The firm has a market cap of $125.04 billion, a PE ratio of 6.08, a P/E/G ratio of 0.44 and a beta of 0.76. The company has a quick ratio of 0.99, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $50.90 and a 200-day moving average of $51.91. TotalEnergies SE has a 12-month low of $45.66 and a 12-month high of $61.15.

TotalEnergies (NYSE:TTEGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The company reported $3.75 EPS for the quarter, meeting the consensus estimate of $3.75. TotalEnergies had a return on equity of 25.95% and a net margin of 8.38%. The business had revenue of $74.77 billion for the quarter. As a group, sell-side analysts expect that TotalEnergies SE will post 13.93 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company 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. The ex-dividend date is Monday, September 19th. This represents a $2.02 annualized dividend and a yield of 4.21%. TotalEnergies’s payout ratio is 25.60%.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of research reports. HSBC upped their price target on 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. Piper Sandler decreased their price objective on TotalEnergies from $69.00 to $64.00 and set a “neutral” rating for the company in a report on Monday, September 12th. Jefferies Financial Group raised TotalEnergies from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Friday, July 1st. Credit Suisse Group assumed coverage on TotalEnergies in a report on Thursday, June 9th. They set an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on TotalEnergies from €48.10 ($49.08) to €51.30 ($52.35) and gave the stock a “hold” rating in a report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, TotalEnergies has an average rating of “Hold” and an average 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.

See Also

Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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