Procyon Advisors LLC Has $910,000 Stake in TotalEnergies SE (NYSE:TTE)

Procyon Advisors LLC decreased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 22.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,499 shares of the company’s stock after selling 3,926 shares during the quarter. Procyon Advisors LLC’s holdings in TotalEnergies were worth $910,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Portside Wealth Group LLC bought a new stake in TotalEnergies during the second quarter worth $343,000. Oppenheimer & Co. Inc. raised its position in shares of TotalEnergies by 219.4% in the third quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock valued at $854,000 after purchasing an additional 8,921 shares during the period. Main Street Research LLC bought a new position in shares of TotalEnergies in the third quarter valued at about $10,979,000. Mariner LLC raised its position in shares of TotalEnergies by 9.6% in the third quarter. Mariner LLC now owns 95,857 shares of the company’s stock valued at $6,304,000 after purchasing an additional 8,400 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of TotalEnergies in the third quarter valued at about $7,354,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Piper Sandler decreased their price target on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.33.

TotalEnergies Price Performance

TotalEnergies stock traded up $0.06 during trading hours on Thursday, reaching $68.48. 97,035 shares of the stock were exchanged, compared to its average volume of 1,773,397. The company has a market cap of $161.05 billion, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 1.63 and a beta of 0.71. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. TotalEnergies SE has a twelve month low of $54.94 and a twelve month high of $69.63. The stock has a 50 day moving average of $65.37 and a two-hundred day moving average of $66.12.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The firm had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same quarter in the previous year, the company earned $2.97 earnings per share. Equities analysts expect that TotalEnergies SE will post 9.29 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.597 per share. The ex-dividend date is Monday, March 18th. This represents a $2.39 dividend on an annualized basis and a yield of 3.49%. TotalEnergies’s payout ratio is 27.45%.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.