Fort Washington Investment Advisors Inc. OH Has $267,000 Stock Holdings in TotalEnergies SE (NYSE:TTE)

Fort Washington Investment Advisors Inc. OH lessened its stake in shares of TotalEnergies SE (NYSE:TTE) by 13.2% during the 4th quarter, HoldingsChannel reports. The firm owned 4,893 shares of the company’s stock after selling 743 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in TotalEnergies were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC grew its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Boit C F David acquired a new stake in shares of TotalEnergies in the third quarter worth $32,000. Maryland Capital Advisors Inc. acquired a new stake in shares of TotalEnergies in the third quarter worth $32,000. Finally, Eastern Bank acquired a new stake in shares of TotalEnergies in the third quarter worth $32,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Up 1.1 %

Shares of NYSE TTE opened at $58.76 on Friday. The stock has a market cap of $138.77 billion, a PE ratio of 8.34, a PEG ratio of 2.04 and a beta of 0.61. The business has a fifty day moving average of $56.90 and a two-hundred day moving average of $63.33. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

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

TotalEnergies Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TTE shares. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, 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 research note on Thursday, December 19th. Six analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

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.