Cambiar Investors LLC Has $10.02 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Cambiar Investors LLC reduced its stake in TotalEnergies SE (NYSE:TTE) by 29.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 183,854 shares of the company’s stock after selling 76,801 shares during the period. Cambiar Investors LLC’s holdings in TotalEnergies were worth $10,020,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Mather Group LLC. increased its holdings in TotalEnergies by 12.4% in the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after purchasing an additional 145 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after buying an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after buying an additional 169 shares in the last quarter. Tradition Wealth Management LLC lifted its stake in shares of TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after buying an additional 171 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock worth $242,000 after acquiring an additional 174 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TTE shares. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Piper Sandler decreased their price target 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. Finally, Morgan Stanley reissued 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. Six equities 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 company’s stock. According to MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Down 0.8 %

Shares of TTE opened at $60.27 on Tuesday. The stock has a market capitalization of $142.32 billion, a P/E ratio of 9.05, a PEG ratio of 2.12 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 0.36. The firm has a fifty day simple moving average of $56.94 and a two-hundred day simple moving average of $62.47. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly 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 net margin of 7.34% and a return on equity of 15.22%. On average, research analysts anticipate that TotalEnergies SE will post 7.92 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is currently 36.04%.

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.