TotalEnergies SE (NYSE:TTE) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management lowered its holdings in TotalEnergies SE (NYSE:TTE) by 43.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,854 shares of the company’s stock after selling 5,324 shares during the period. Financial Advocates Investment Management’s holdings in TotalEnergies were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTE. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies in the 3rd quarter worth approximately $26,000. Continuum Advisory LLC increased its position in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the period. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies in the third quarter valued at $32,000. Eastern Bank acquired a new position in shares of TotalEnergies during the third quarter valued at $32,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on TTE. 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. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $60.86 on Monday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The firm has a market cap of $143.71 billion, a P/E ratio of 9.14, a PEG ratio of 2.12 and a beta of 0.61. The stock has a fifty day moving average price of $56.87 and a two-hundred day moving average price of $62.52. 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 for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Research analysts forecast that TotalEnergies SE will post 7.92 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed 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 dividend payout ratio is currently 36.04%.

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.