TotalEnergies SE (NYSE:TTE) Shares Acquired by Columbus Macro LLC

Columbus Macro LLC increased its position in shares of TotalEnergies SE (NYSE:TTE) by 56.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,206 shares of the company’s stock after acquiring an additional 13,739 shares during the quarter. Columbus Macro LLC’s holdings in TotalEnergies were worth $2,082,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Fourpath Capital Management LLC grew its position in TotalEnergies by 30.0% in the fourth quarter. Fourpath Capital Management LLC now owns 18,693 shares of the company’s stock worth $1,019,000 after acquiring an additional 4,316 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of TotalEnergies by 8.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 4,235 shares of the company’s stock worth $234,000 after acquiring an additional 312 shares in the last quarter. FSM Wealth Advisors LLC increased its holdings in shares of TotalEnergies by 3.4% during the 4th quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company’s stock valued at $333,000 after acquiring an additional 187 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in TotalEnergies in the 4th quarter worth approximately $249,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.8 %

Shares of TotalEnergies stock opened at $57.59 on Tuesday. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The stock has a market capitalization of $136.00 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. The company has a 50-day simple moving average of $56.64 and a 200 day simple moving average of $62.74. 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 Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is currently 34.75%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TTE shares. Scotiabank lowered their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, 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. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

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.