22,195 Shares in TotalEnergies SE (NYSE:TTE) Purchased by Orca Wealth Management LLC

Orca Wealth Management LLC purchased a new stake in TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 22,195 shares of the company’s stock, valued at approximately $1,210,000.

Several other large investors also recently made changes to their positions in the business. Mather Group LLC. boosted its holdings in TotalEnergies by 12.4% during the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after buying an additional 145 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of TotalEnergies by 0.6% in the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after purchasing an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after purchasing an additional 169 shares during the last quarter. Tradition Wealth Management LLC increased its holdings in shares of TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after acquiring an additional 171 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in TotalEnergies by 2.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock valued at $563,000 after buying an additional 181 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTE. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $58.27 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The stock has a market cap of $137.59 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 2.01 and a beta of 0.61. The company’s fifty day moving average is $56.76 and its 200 day moving average is $63.04.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.10). TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. The company had revenue of $52.02 billion during the quarter, compared to the consensus estimate of $57.03 billion. During the same quarter in the previous year, the company earned $2.63 earnings per share. Sell-side analysts forecast that TotalEnergies SE will post 7.77 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is 34.04%.

About TotalEnergies

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.