Strategic Advisors LLC Cuts Position in TotalEnergies SE (NYSE:TTE)

Strategic Advisors LLC lessened its position in shares of TotalEnergies SE (NYSE:TTE) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,685 shares of the company’s stock after selling 372 shares during the quarter. Strategic Advisors LLC’s holdings in TotalEnergies were worth $201,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TTE. FSA Wealth Management LLC purchased a new position in TotalEnergies during the 3rd quarter valued at approximately $26,000. Continuum Advisory LLC grew its holdings in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares in the last quarter. Asset Planning Inc purchased a new position in TotalEnergies during the 4th quarter valued at approximately $31,000. Maryland Capital Advisors Inc. purchased a new position in TotalEnergies during the 3rd quarter valued at approximately $32,000. Finally, Eastern Bank purchased a new position in TotalEnergies during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TTE. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Up 0.6 %

Shares of NYSE TTE opened at $61.40 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $57.34 and a two-hundred day simple moving average of $62.25. The firm has a market cap of $144.99 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Analysts expect that TotalEnergies SE will post 7.92 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is 36.04%.

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.