D.A. Davidson & CO. Sells 1,051 Shares of TotalEnergies SE (NYSE:TTE)

D.A. Davidson & CO. lessened its stake in TotalEnergies SE (NYSE:TTE) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,535 shares of the company’s stock after selling 1,051 shares during the quarter. D.A. Davidson & CO.’s holdings in TotalEnergies were worth $4,498,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TTE. Franklin Resources Inc. raised its holdings in TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the period. Barclays PLC raised its holdings in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares during the period. International Assets Investment Management LLC raised its holdings in TotalEnergies by 6,367.4% during the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after acquiring an additional 361,923 shares during the period. FMR LLC raised its holdings in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares during the period. Finally, DRW Securities LLC raised its holdings in TotalEnergies by 134.5% during the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after acquiring an additional 250,427 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 1.4 %

Shares of NYSE:TTE opened at $60.92 on Thursday. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The firm has a fifty day moving average of $57.53 and a 200 day moving average of $62.20. The firm has a market capitalization of $143.85 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (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%. As a group, research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 21st. Investors 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 dividend payout ratio (DPR) is presently 36.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six equities research 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.