Ritholtz Wealth Management Acquires 7,191 Shares of TotalEnergies SE (NYSE:TOT)

Ritholtz Wealth Management raised its holdings in TotalEnergies SE (NYSE:TOT) by 69.2% in the 1st quarter, HoldingsChannel reports. The firm owned 17,588 shares of the oil and gas exploration company’s stock after purchasing an additional 7,191 shares during the quarter. Ritholtz Wealth Management’s holdings in TotalEnergies were worth $819,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sei Investments Co. raised its position in TotalEnergies by 1.0% in the 1st quarter. Sei Investments Co. now owns 377,914 shares of the oil and gas exploration company’s stock valued at $17,142,000 after purchasing an additional 3,600 shares during the last quarter. Linscomb & Williams Inc. bought a new position in TotalEnergies in the 1st quarter valued at $240,000. Brinker Capital Investments LLC raised its position in shares of TotalEnergies by 19.3% during the first quarter. Brinker Capital Investments LLC now owns 30,136 shares of the oil and gas exploration company’s stock worth $1,406,000 after acquiring an additional 4,872 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of TotalEnergies by 54.6% during the first quarter. Mercer Global Advisors Inc. ADV now owns 106,858 shares of the oil and gas exploration company’s stock worth $4,973,000 after acquiring an additional 37,753 shares during the last quarter. Finally, Cedar Brook Financial Partners LLC bought a new stake in shares of TotalEnergies during the first quarter worth $269,000. Hedge funds and other institutional investors own 5.64% of the company’s stock.

NYSE:TOT opened at $48.30 on Friday. TotalEnergies SE has a 1 year low of $28.65 and a 1 year high of $50.41. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $128.15 billion, a PE ratio of -28.58, a price-to-earnings-growth ratio of 0.57 and a beta of 0.97. The firm has a 50-day simple moving average of $46.53.

TotalEnergies (NYSE:TOT) last posted its earnings results on Thursday, April 29th. The oil and gas exploration company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The firm had revenue of $43.74 billion during the quarter. TotalEnergies had a positive return on equity of 4.96% and a negative net margin of 2.80%. As a group, equities analysts expect that TotalEnergies SE will post 4.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 16th. Stockholders of record on Wednesday, June 23rd will be given a dividend of $0.58 per share. This is a boost from TotalEnergies’s previous quarterly dividend of $0.57. This represents a $2.32 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Tuesday, June 22nd. TotalEnergies’s dividend payout ratio is currently 155.94%.

A number of equities research analysts have recently weighed in on TOT shares. Morgan Stanley downgraded TotalEnergies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 30th. Mizuho boosted their target price on TotalEnergies from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, May 17th. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, April 12th. MKM Partners assumed coverage on TotalEnergies in a research report on Tuesday. They set a “buy” rating and a $70.00 target price for the company. Finally, Kepler Capital Markets reiterated an “average” rating on shares of TotalEnergies in a report on Friday. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $50.29.

TotalEnergies Company Profile

TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The company's Exploration & Production segment is involved in oil and natural gas exploration and production activities in approximately 50 countries.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TOT)

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