O Brien Greene & Co. Inc raised its position in TotalEnergies SE (NYSE:TOT) by 10.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,280 shares of the oil and gas exploration company’s stock after buying an additional 10,073 shares during the quarter. TotalEnergies comprises about 2.0% of O Brien Greene & Co. Inc’s portfolio, making the stock its 21st largest position. O Brien Greene & Co. Inc’s holdings in TotalEnergies were worth $4,946,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Opus Capital Group LLC increased its stake in TotalEnergies by 4.7% during the 1st quarter. Opus Capital Group LLC now owns 6,041 shares of the oil and gas exploration company’s stock valued at $281,000 after purchasing an additional 272 shares in the last quarter. Mutual Advisors LLC increased its stake in TotalEnergies by 4.5% during the 4th quarter. Mutual Advisors LLC now owns 7,310 shares of the oil and gas exploration company’s stock valued at $306,000 after purchasing an additional 314 shares in the last quarter. First Hawaiian Bank increased its stake in TotalEnergies by 1.5% during the 1st quarter. First Hawaiian Bank now owns 22,385 shares of the oil and gas exploration company’s stock valued at $1,042,000 after purchasing an additional 323 shares in the last quarter. Good Life Advisors LLC increased its stake in TotalEnergies by 5.8% during the 1st quarter. Good Life Advisors LLC now owns 6,154 shares of the oil and gas exploration company’s stock valued at $287,000 after purchasing an additional 338 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in shares of TotalEnergies by 6.3% in the 1st quarter. Sigma Planning Corp now owns 5,947 shares of the oil and gas exploration company’s stock worth $277,000 after acquiring an additional 351 shares in the last quarter. 5.64% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, April 12th. Piper Sandler upped their target price on shares of TotalEnergies from $54.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, April 1st. Morgan Stanley lowered shares of TotalEnergies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 30th. Kepler Capital Markets reissued an “average” rating on shares of TotalEnergies in a report on Friday. Finally, MKM Partners initiated coverage on shares of TotalEnergies in a report on Tuesday. They issued a “buy” rating and a $70.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. TotalEnergies presently has an average rating of “Hold” and a consensus target price of $50.29.
TotalEnergies (NYSE:TOT) last released its quarterly earnings data on Thursday, April 29th. The oil and gas exploration company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.25. TotalEnergies had a negative net margin of 2.80% and a positive return on equity of 4.96%. The business had revenue of $43.74 billion for the quarter. On average, research analysts expect that TotalEnergies SE will post 4.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 16th. Stockholders of record on Wednesday, June 23rd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.80%. This is an increase from TotalEnergies’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, June 22nd. TotalEnergies’s dividend payout ratio is presently 155.94%.
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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