Blue Trust Inc. Trims Position in TotalEnergies SE (NYSE:TTE)

Blue Trust Inc. decreased its position in shares of TotalEnergies SE (NYSE:TTE) by 24.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,210 shares of the company’s stock after selling 3,972 shares during the period. Blue Trust Inc.’s holdings in TotalEnergies were worth $665,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Clear Creek Financial Management LLC purchased a new position in shares of TotalEnergies during the fourth quarter valued at approximately $345,000. CWA Asset Management Group LLC purchased a new position in shares of TotalEnergies during the third quarter valued at approximately $823,000. Crossmark Global Holdings Inc. increased its position in TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after purchasing an additional 54,478 shares during the last quarter. Logan Capital Management Inc. increased its position in TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after purchasing an additional 13,331 shares during the last quarter. Finally, FMR LLC increased its position in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TTE. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

TotalEnergies stock opened at $61.40 on Monday. 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 $57.27 and a 200-day moving average of $62.29. The firm has a market capitalization of $144.99 billion, a P/E ratio of 9.22, 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.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts predict 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. Investors of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is 36.79%.

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.