Cambiar Investors LLC decreased its stake in TotalEnergies SE (NYSE:TTE – Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,434 shares of the company’s stock after selling 14,785 shares during the period. Cambiar Investors LLC’s holdings in TotalEnergies were worth $15,594,000 as of its most recent SEC filing
Other institutional investors and hedge funds also recently modified their holdings of the company. Portside Wealth Group LLC purchased a new stake in shares of TotalEnergies in the second quarter worth about $343,000. Oppenheimer & Co. Inc. boosted its holdings in TotalEnergies by 219.4% in the third quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock valued at $854,000 after purchasing an additional 8,921 shares during the last quarter. Main Street Research LLC purchased a new position in TotalEnergies in the third quarter valued at about $10,979,000. Mariner LLC boosted its holdings in TotalEnergies by 9.6% in the third quarter. Mariner LLC now owns 95,857 shares of the company’s stock valued at $6,304,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in TotalEnergies in the third quarter valued at about $7,354,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.
Insider Activity at TotalEnergies
In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the transaction, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
TotalEnergies Stock Performance
NYSE:TTE traded up $0.31 during trading hours on Friday, reaching $72.87. 950,346 shares of the stock were exchanged, compared to its average volume of 1,454,202. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $66.32 and a 200-day simple moving average of $66.38. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $72.97. The stock has a market capitalization of $171.37 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.77 and a beta of 0.72.
TotalEnergies (NYSE:TTE – Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The company had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same quarter in the previous year, the company posted $2.97 earnings per share. As a group, sell-side analysts forecast that TotalEnergies SE will post 9.22 earnings per share for the current fiscal year.
TotalEnergies Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 19th will be given a $0.597 dividend. This represents a $2.39 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, March 18th. TotalEnergies’s dividend payout ratio is currently 27.57%.
Wall Street Analyst Weigh In
Separately, Piper Sandler reduced their price target on TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.33.
TotalEnergies Profile
TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.