TotalEnergies SE (NYSE:TTE) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lessened its holdings in shares of TotalEnergies SE (NYSE:TTE) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,709 shares of the company’s stock after selling 3,779 shares during the quarter. DAVENPORT & Co LLC’s holdings in TotalEnergies were worth $9,278,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TTE. Motco lifted its position in TotalEnergies by 216.2% during the 3rd quarter. Motco now owns 468 shares of the company’s stock worth $31,000 after acquiring an additional 320 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in shares of TotalEnergies during the third quarter worth about $31,000. Fortis Capital Advisors LLC purchased a new stake in shares of TotalEnergies during the fourth quarter worth about $32,000. SRS Capital Advisors Inc. acquired a new position in shares of TotalEnergies in the third quarter worth about $36,000. Finally, BKM Wealth Management LLC purchased a new position in TotalEnergies in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

TTE stock opened at $72.24 on Thursday. The stock’s fifty day moving average is $66.02 and its two-hundred day moving average is $66.28. The stock has a market capitalization of $169.89 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 1.73 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. TotalEnergies SE has a 1 year low of $54.94 and a 1 year high of $72.34.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The business had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same period last year, the company earned $2.97 earnings per share. On average, research analysts predict that TotalEnergies SE will post 9.29 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.597 per share. The ex-dividend date is Monday, March 18th. This represents a $2.39 annualized dividend and a yield of 3.31%. TotalEnergies’s payout ratio is 27.57%.

Insiders Place Their Bets

In other news, Director Se Totalenergies bought 196,964 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the purchase, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price objective on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, TotalEnergies has a consensus rating of “Hold” and a consensus price target of $64.33.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.