Kornitzer Capital Management Inc. KS Increases Stock Position in TotalEnergies SE (NYSE:TTE)

Kornitzer Capital Management Inc. KS boosted its stake in TotalEnergies SE (NYSE:TTE) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,420 shares of the company’s stock after acquiring an additional 650 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in TotalEnergies were worth $731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its holdings in shares of TotalEnergies by 15.7% in the fourth quarter. CIBC Asset Management Inc now owns 59,100 shares of the company’s stock valued at $3,221,000 after buying an additional 8,000 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in shares of TotalEnergies by 15.1% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 23,521 shares of the company’s stock valued at $1,282,000 after buying an additional 3,080 shares during the last quarter. Americana Partners LLC raised its holdings in shares of TotalEnergies by 1,164.7% in the fourth quarter. Americana Partners LLC now owns 85,694 shares of the company’s stock valued at $4,670,000 after buying an additional 78,918 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of TotalEnergies by 24.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 5,880 shares of the company’s stock valued at $320,000 after buying an additional 1,139 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of TotalEnergies by 27.5% in the fourth quarter. Allworth Financial LP now owns 5,294 shares of the company’s stock valued at $308,000 after buying an additional 1,143 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 1.4 %

Shares of TTE opened at $60.92 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average is $57.53 and its two-hundred day moving average is $62.20. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The firm has a market capitalization of $143.85 billion, a P/E ratio of 9.15, a PEG ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently announced 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 of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is currently 36.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TTE. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Morgan Stanley reaffirmed 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. Piper Sandler dropped 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. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.