Drum Hill Capital LLC Purchases Shares of 61,538 TotalEnergies SE (NYSE:TTE)

Drum Hill Capital LLC acquired a new position in shares of TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 61,538 shares of the company’s stock, valued at approximately $3,354,000. TotalEnergies accounts for approximately 4.2% of Drum Hill Capital LLC’s investment portfolio, making the stock its 9th biggest position.

Several other institutional investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC acquired a new position in shares of TotalEnergies during the 4th quarter worth approximately $345,000. CWA Asset Management Group LLC purchased a new stake in TotalEnergies in the 3rd quarter worth $823,000. Crossmark Global Holdings Inc. raised its position in TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after acquiring an additional 54,478 shares during the period. Logan Capital Management Inc. lifted its holdings in TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares in the last quarter. Finally, FMR LLC grew its position in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TTE shares. Piper Sandler reduced their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Morgan Stanley reissued an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, BNP Paribas cut 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 given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Down 1.4 %

Shares of NYSE:TTE opened at $60.74 on Friday. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The stock has a market cap of $143.42 billion, a P/E ratio of 9.12, a PEG ratio of 0.98 and a beta of 0.61. The business has a fifty day moving average of $57.74 and a two-hundred day moving average of $62.17. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio 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.