Euro Pacific Asset Management LLC Sells 5,410 Shares of TotalEnergies SE (NYSE:TTE)

Euro Pacific Asset Management LLC cut its stake in TotalEnergies SE (NYSE:TTE) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,507 shares of the company’s stock after selling 5,410 shares during the period. TotalEnergies comprises approximately 2.0% of Euro Pacific Asset Management LLC’s holdings, making the stock its 22nd largest holding. Euro Pacific Asset Management LLC’s holdings in TotalEnergies were worth $9,253,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC bought a new position in TotalEnergies in the 3rd quarter valued at $823,000. Crossmark Global Holdings Inc. grew its position in shares of TotalEnergies by 48.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after buying an additional 54,478 shares during the period. Logan Capital Management Inc. increased its stake in TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares in the last quarter. FMR LLC increased its position in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares in the last quarter. Finally, Equity Investment Corp increased its holdings in shares of TotalEnergies by 2.3% in the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after acquiring an additional 41,564 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Piper Sandler dropped their price objective 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. Scotiabank dropped 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. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Up 0.0 %

Shares of TotalEnergies stock opened at $58.78 on Friday. The firm’s 50-day moving average price is $56.86 and its two-hundred day moving average price is $63.25. The company has a market capitalization of $138.79 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 2.01 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). The business had revenue of $52.02 billion for the quarter, compared to analyst estimates of $57.03 billion. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. During the same period last year, the firm posted $2.63 EPS. On average, analysts forecast that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is 34.04%.

About TotalEnergies

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.