Corient Capital Partners LLC Sells 681 Shares of TotalEnergies SE (NYSE:TTE)

Corient Capital Partners LLC decreased its position in shares of TotalEnergies SE (NYSE:TTEGet Rating) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,385 shares of the company’s stock after selling 681 shares during the quarter. Corient Capital Partners LLC’s holdings in TotalEnergies were worth $757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in TotalEnergies by 4.3% in the first quarter. Fisher Asset Management LLC now owns 26,050,759 shares of the company’s stock valued at $1,316,605,000 after buying an additional 1,081,139 shares in the last quarter. Wellington Management Group LLP lifted its stake in TotalEnergies by 7.6% in the first quarter. Wellington Management Group LLP now owns 9,142,190 shares of the company’s stock valued at $462,045,000 after buying an additional 643,607 shares in the last quarter. Bank of America Corp DE lifted its stake in TotalEnergies by 38.2% in the first quarter. Bank of America Corp DE now owns 8,777,519 shares of the company’s stock valued at $443,616,000 after buying an additional 2,426,252 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in TotalEnergies by 40.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock valued at $320,956,000 after buying an additional 1,823,670 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in TotalEnergies by 60.0% in the second quarter. JPMorgan Chase & Co. now owns 2,520,565 shares of the company’s stock valued at $132,682,000 after buying an additional 945,577 shares in the last quarter. Institutional investors own 7.11% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of TotalEnergies from €62.00 ($63.27) to €66.00 ($67.35) in a research note on Thursday, October 13th. Erste Group Bank downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Cowen lowered their price objective on shares of TotalEnergies from $58.00 to $56.00 and set a “market perform” rating on the stock in a report on Friday, September 30th. Piper Sandler lifted their price objective on shares of TotalEnergies from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, November 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TotalEnergies from €51.30 ($52.35) to €54.90 ($56.02) in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.74.

TotalEnergies Price Performance

Shares of TTE opened at $60.26 on Thursday. The company has a market cap of $157.07 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.48 and a beta of 0.80. TotalEnergies SE has a 1-year low of $44.61 and a 1-year high of $61.15. The company’s fifty day simple moving average is $52.77 and its 200 day simple moving average is $52.77. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

TotalEnergies (NYSE:TTEGet Rating) last issued its earnings results on Thursday, October 27th. The company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.91 by ($0.08). The firm had revenue of $69.04 billion for the quarter. TotalEnergies had a return on equity of 29.83% and a net margin of 8.67%. On average, research analysts forecast that TotalEnergies SE will post 14.41 earnings per share for the current fiscal year.

TotalEnergies Announces Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 28th. Shareholders of record on Monday, December 5th will be issued a $0.767 dividend. The ex-dividend date of this dividend is Friday, December 2nd. TotalEnergies’s dividend payout ratio is currently 22.65%.

About TotalEnergies

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TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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