Essex Financial Services Inc. Has $432,000 Stake in TotalEnergies SE (NYSE:TTE)

Essex Financial Services Inc. cut its position in TotalEnergies SE (NYSE:TTE) by 9.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,930 shares of the company’s stock after selling 820 shares during the quarter. Essex Financial Services Inc.’s holdings in TotalEnergies were worth $432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTE. Savant Capital LLC raised its position in TotalEnergies by 87.8% during the fourth quarter. Savant Capital LLC now owns 14,414 shares of the company’s stock valued at $786,000 after purchasing an additional 6,737 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of TotalEnergies by 4.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,693 shares of the company’s stock worth $1,019,000 after buying an additional 846 shares in the last quarter. Stephens Inc. AR lifted its position in shares of TotalEnergies by 3.7% during the 4th quarter. Stephens Inc. AR now owns 27,163 shares of the company’s stock worth $1,480,000 after buying an additional 962 shares during the last quarter. WCM Investment Management LLC boosted its stake in TotalEnergies by 152.9% in the fourth quarter. WCM Investment Management LLC now owns 45,736 shares of the company’s stock valued at $2,492,000 after buying an additional 27,651 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in TotalEnergies by 4.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,889 shares of the company’s stock valued at $266,000 after buying an additional 207 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on TTE. Piper Sandler dropped their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Down 0.2 %

Shares of TotalEnergies stock opened at $60.90 on Thursday. The firm has a market cap of $143.81 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 2.12 and a beta of 0.61. The stock’s 50-day moving average is $57.11 and its 200 day moving average is $62.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS 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%. Equities research analysts anticipate that TotalEnergies SE will post 7.92 EPS for the current year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is currently 36.79%.

TotalEnergies Company 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.