Caprock Group LLC Makes New $589,000 Investment in TotalEnergies SE (NYSE:TTE)

Caprock Group LLC purchased a new position in TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,645 shares of the company’s stock, valued at approximately $589,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. AQR Capital Management LLC grew its stake in TotalEnergies by 189.9% in the 2nd quarter. AQR Capital Management LLC now owns 11,653 shares of the company’s stock worth $777,000 after buying an additional 7,633 shares in the last quarter. GAMMA Investing LLC grew its stake in TotalEnergies by 18.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,108 shares of the company’s stock worth $265,000 after buying an additional 628 shares in the last quarter. Mather Group LLC. grew its stake in TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after buying an additional 145 shares in the last quarter. Aprio Wealth Management LLC grew its stake in TotalEnergies by 62.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 5,920 shares of the company’s stock worth $383,000 after buying an additional 2,286 shares in the last quarter. Finally, Boit C F David bought a new stake in shares of TotalEnergies in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 2.6 %

NYSE:TTE opened at $59.08 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The firm has a market capitalization of $139.50 billion, a P/E ratio of 8.38, a P/E/G ratio of 2.02 and a beta of 0.61. The company has a fifty day moving average of $56.67 and a 200 day moving average of $62.67.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were issued a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.75%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TTE. Scotiabank lowered their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $64.10 price objective (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 assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.