Bleakley Financial Group LLC Cuts Position in TotalEnergies SE (NYSE:TTE)

Bleakley Financial Group LLC decreased its holdings in TotalEnergies SE (NYSE:TTE) by 10.8% in the 4th quarter, HoldingsChannel reports. The fund owned 52,126 shares of the company’s stock after selling 6,280 shares during the quarter. Bleakley Financial Group LLC’s holdings in TotalEnergies were worth $2,841,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Robertson Stephens Wealth Management LLC increased its position in shares of TotalEnergies by 11.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 14,022 shares of the company’s stock valued at $776,000 after buying an additional 1,482 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of TotalEnergies by 109.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 13,575 shares of the company’s stock valued at $740,000 after buying an additional 7,084 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of TotalEnergies by 63.4% in the fourth quarter. Yousif Capital Management LLC now owns 60,082 shares of the company’s stock valued at $3,274,000 after buying an additional 23,315 shares in the last quarter. Columbus Macro LLC increased its position in shares of TotalEnergies by 56.2% in the fourth quarter. Columbus Macro LLC now owns 38,206 shares of the company’s stock valued at $2,082,000 after buying an additional 13,739 shares in the last quarter. Finally, Fourpath Capital Management LLC increased its position in shares of TotalEnergies by 30.0% in the fourth quarter. Fourpath Capital Management LLC now owns 18,693 shares of the company’s stock valued at $1,019,000 after buying an additional 4,316 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the subject of a number of research analyst reports. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. 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. Finally, Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

NYSE TTE opened at $60.90 on Friday. The firm has a market capitalization of $143.81 billion, a P/E ratio of 8.64, a P/E/G ratio of 2.02 and a beta of 0.61. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The business’s 50-day simple moving average is $56.81 and its 200-day simple moving average is $62.64.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. Equities analysts predict that TotalEnergies SE will post 7.73 EPS for the current 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 issued a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is currently 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.