The most recent filing that the company has made with the Securities and Exchange Commission (SEC) reveals that during the third quarter, Kestra Advisory Services LLC increased its position in TotalEnergies SE (NYSE: TTE). As a result of the institutional investor’s purchase of an additional 18,609 shares of the company during the period under consideration, the investor’s portfolio now contains 99,046 shares. According to the most recent report that Kestra Advisory Services LLC provided to the Securities and Exchange Commission, the value of the company’s holding in TotalEnergies was calculated to be $4,608,000.
In the most recent period, several other hedge funds have implemented various changes to the positions they currently hold in the company. During the third quarter, Park Avenue Securities LLC saw a 10.4% increase in its ownership stake in TotalEnergies as a percentage of the company’s total assets. Park Avenue Securities LLC is now the owner of 30,413 shares, which have a value of $1,415,000 after the most recent quarter’s purchase of an additional 2,873 shares in the company. These shares were purchased during the most recent quarter. During the third quarter, Jennison Associates LLC increased its ownership stake in TotalEnergies by purchasing an additional 16.5% of the company. During the month, Jennison Associates LLC purchased 84,943 shares of the company’s stock. This brings the total number of shares the company’s stockholders own to 598,265, with a value of $27,831,000. During the third quarter, Assetmark Inc. increased the amount of TotalEnergies stock owned by 10.2%, bringing the TotalTotal to 100%. Assetmark Inc. now has 22,686 shares of the company’s stock, which are currently valued at $1,055,000 after purchasing an additional 2,101 shares during the most recent time. Pinnacle Associates Ltd. increased the amount of TotalEnergies stock owned by 1.5% over the third quarter of this fiscal year. Pinnacle Associates Ltd. now holds 37,184 shares of the company’s stock, which they obtained by purchasing an additional 560 shares during the period in question. The stock is currently valued at $1,730,000. Our last and most important point is that during the third quarter, J.W. Cole Advisors Inc. spent approximately $277,000 to purchase an additional stake in TotalEnergies. This brings us to the end of our discussion. Institutional investors hold 6.63 percent of the company’s total outstanding shares.
The opening price for trading on the NYSE TTE on Thursday was $63.25 per share. TotalEnergies SE reached its all-time high of $65.05 during the company’s 52-week period, while the company reached its all-time low of $44.61 during the same period. Its current ratio is 1.18, its quick ratio is 1.02, and its debt-to-equity ratio is 0.37. Its quick ratio is 1.02, its current ratio is 1.18, and its debt-to-equity ratio is 0.37. The company has a price-to-earnings ratio of 7.24, a price-to-earnings-to-growth ratio of 0.57, and a beta coefficient of 0.80. Its market capitalization is $164.87 billion, and its price-to-earnings-to-growth ratio is 0.57. The share price has reached $61.15 on its moving average for the past 50 days, while the price has reached $54.56 on its moving average for the past 200 days.
On Thursday, October 27, the most recent quarterly earnings report for TotalEnergies (NYSE: TTE) was made available to the public. The company reported earnings per share (EPS) of $3.83 for the quarter, which was $0.08 less than the estimate used by the market, which was $3.91. During the last fiscal year, TotalEnergies had a net margin of 8.67% and a return on equity of 29.83%. The previous fiscal period brought in revenue totaling $69.04 billion for the company. The analysts who specialize in equity research anticipated that each share of TotalEnergies SE would bring in a profit of $14.14 during the current fiscal year.
In addition, the company announced that it would begin disbursing a quarterly dividend starting on January 25. Those shareholders still holding their shares as of December 30 will be eligible to receive a $0.529 dividend payment per share. Shareholders recorded as still holding their shares as of December 30 will be eligible to receive a dividend payment of $0.529 per share. The amount of the quarterly dividend paid out by TotalEnergies has been increased, and it now stands at $0.51 per share. This results in an annual dividend payment of $2.12 and a dividend yield of 3.35% when calculated annually. December 29, which is a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. At the moment, TotalTotal Energies has a payout ratio of 24.94 percent.
TTE has been dissected and analyzed in several different research articles that have been made public. Cowen lowered their price objective for TotalEnergies from $58.00 to $56.00 and rated the company as having a “market perform” rating in a report published on Friday, September 30. The report was made public. Cowen also rated the company as having a “market perform” rating. Cowen lowered their stock price objective for TotalEnergies, dropping it from $58.00 to $56.00, in a research report that was published on Friday, September 30. The previous recommendation of “buy” for TotalEnergies by Goldman Sachs Group was changed to a ” neutral ” rating in a research report made public on Monday, January 9. JPMorgan Chase & Co. increased their price target on shares of TotalEnergies from 66.00 ($71.74) to 68.00 ($73.91) in a research note published on Friday, December 2. This puts the current price at 66.00 ($71.74).
Additionally, they rated the company as “overweight,” which indicates a positive outlook. The “buy” recommendation that Erste Group Bank had previously given for TotalEnergies was downgraded to a “hold” rating in a research note published on October 5. This transpired after the financial institution had suggested to investors that they “buy” the stock. Eight stock analysts rated the company as a “hold,” while the remaining eight rated the company as a “buy.” The information was obtained from Bloomberg.com, and it states that the company is currently rated as a “moderate-buy” by the consensus and that the average price target for