Merit Financial Group LLC Invests $412,000 in TotalEnergies SE (NYSE:TTE)

Merit Financial Group LLC bought a new stake in TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,552 shares of the company’s stock, valued at approximately $412,000.

Other large investors have also recently modified their holdings of the company. Wedge Capital Management L L P NC grew its holdings in shares of TotalEnergies by 9.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 351,000 shares of the company’s stock valued at $19,130,000 after purchasing an additional 31,194 shares during the last quarter. Empirical Asset Management LLC bought a new stake in shares of TotalEnergies during the fourth quarter worth $3,740,000. Cohen Investment Advisors LLC increased its holdings in shares of TotalEnergies by 3.9% during the fourth quarter. Cohen Investment Advisors LLC now owns 7,185 shares of the company’s stock worth $392,000 after buying an additional 269 shares in the last quarter. Stolper Co lifted its stake in shares of TotalEnergies by 1.1% in the 4th quarter. Stolper Co now owns 28,418 shares of the company’s stock valued at $1,549,000 after acquiring an additional 300 shares during the last quarter. Finally, Advisors Management Group Inc. ADV boosted its holdings in shares of TotalEnergies by 1.3% during the 4th quarter. Advisors Management Group Inc. ADV now owns 149,536 shares of the company’s stock valued at $8,150,000 after acquiring an additional 1,930 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Up 1.1 %

Shares of TotalEnergies stock opened at $58.76 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $56.90 and a 200 day simple moving average of $63.33. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The company has a market capitalization of $138.77 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The company had revenue of $52.02 billion for the quarter, compared to analysts’ expectations of $57.03 billion. During the same quarter last year, the business posted $2.63 EPS. On average, sell-side analysts anticipate that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 21st. Shareholders 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%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TTE shares. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Piper Sandler lowered their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Scotiabank cut their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.