Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $203,000 in TotalEnergies SE (NYSE:TTE)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in TotalEnergies SE (NYSE:TTE) during the fourth quarter, Holdings Channel reports. The firm bought 3,719 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in shares of TotalEnergies in the third quarter worth about $26,000. Continuum Advisory LLC increased its position in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the period. Boit C F David acquired a new position in shares of TotalEnergies during the third quarter worth approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in shares of TotalEnergies during the third quarter worth approximately $32,000. Finally, Eastern Bank bought a new stake in shares of TotalEnergies in the third quarter valued at approximately $32,000. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on TTE shares. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $58.68 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $138.56 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. The stock’s 50-day moving average is $56.69 and its 200-day moving average is $62.97. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.10). The business had revenue of $52.02 billion during the quarter, compared to analyst estimates of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same quarter in the previous year, the firm posted $2.63 earnings per share. Equities analysts predict that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is 34.04%.

About TotalEnergies

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.