TotalEnergies SE (NYSE:TTE) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC increased its position in TotalEnergies SE (NYSE:TTE) by 152.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 45,736 shares of the company’s stock after purchasing an additional 27,651 shares during the period. WCM Investment Management LLC’s holdings in TotalEnergies were worth $2,492,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TTE. FSA Wealth Management LLC purchased a new position in TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC grew its holdings in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of TotalEnergies in the third quarter worth $32,000. Eastern Bank acquired a new position in shares of TotalEnergies in the third quarter worth $32,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the topic of a number of research reports. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Price Performance

NYSE:TTE opened at $60.27 on Tuesday. TotalEnergies SE has a 52 week low of $53.29 and a 52 week 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 market capitalization of $142.32 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 2.12 and a beta of 0.61. The company has a 50-day moving average of $56.94 and a 200-day moving average of $62.47.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating 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%. As a group, equities research analysts anticipate that TotalEnergies SE will post 7.92 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently announced 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%.

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.