TotalEnergies SE (NYSE:TTE) Shares Sold by Abundance Wealth Counselors

Abundance Wealth Counselors trimmed its holdings in TotalEnergies SE (NYSE:TTE) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,369 shares of the company’s stock after selling 1,746 shares during the quarter. Abundance Wealth Counselors’ holdings in TotalEnergies were worth $1,110,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. AQR Capital Management LLC increased its stake in TotalEnergies by 189.9% in the second quarter. AQR Capital Management LLC now owns 11,653 shares of the company’s stock valued at $777,000 after purchasing an additional 7,633 shares during the period. NewEdge Advisors LLC grew its holdings in TotalEnergies by 42.9% during the second quarter. NewEdge Advisors LLC now owns 46,147 shares of the company’s stock worth $3,077,000 after acquiring an additional 13,849 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of TotalEnergies by 9.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 50,229 shares of the company’s stock worth $3,349,000 after purchasing an additional 4,255 shares during the period. Sunbelt Securities Inc. increased its holdings in TotalEnergies by 162.0% in the second quarter. Sunbelt Securities Inc. now owns 1,187 shares of the company’s stock valued at $79,000 after buying an additional 734 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in TotalEnergies during the second quarter worth $9,176,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

TTE stock opened at $58.01 on Friday. The company has a market cap of $136.98 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 2.03 and a beta of 0.61. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $56.65 and a two-hundred day moving average price of $62.90.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.10). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The business had revenue of $52.02 billion for the quarter, compared to analysts’ expectations of $57.03 billion. During the same quarter in the prior year, the firm earned $2.63 earnings per share. As a group, research analysts predict that TotalEnergies SE will post 7.73 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 21st. Investors 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 dividend payout ratio (DPR) is 34.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TTE shares. Piper Sandler decreased their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Scotiabank decreased their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.