Abel Hall LLC Cuts Holdings in TotalEnergies SE (NYSE:TTE)

Abel Hall LLC lessened its stake in TotalEnergies SE (NYSE:TTE) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,713 shares of the company’s stock after selling 226 shares during the quarter. Abel Hall LLC’s holdings in TotalEnergies were worth $420,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its position in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after acquiring an additional 324,033 shares in the last quarter. Franklin Resources Inc. lifted its stake in TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares during the last quarter. Raymond James & Associates boosted its holdings in TotalEnergies by 0.6% in the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after purchasing an additional 13,022 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of TotalEnergies by 4.9% in the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after buying an additional 106,347 shares in the last quarter. Finally, Equity Investment Corp grew its position in shares of TotalEnergies by 2.3% in the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after buying an additional 41,564 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TTE shares. Scotiabank reduced their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Piper Sandler decreased their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, 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. Six investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE opened at $58.25 on Thursday. The stock has a market capitalization of $137.56 billion, a P/E ratio of 8.26, a P/E/G ratio of 2.01 and a beta of 0.61. The company’s fifty day moving average is $56.71 and its two-hundred day moving average is $63.00. 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 SE has a 1 year low of $53.29 and a 1 year high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. The firm had revenue of $52.02 billion during the quarter, compared to analyst estimates of $57.03 billion. During the same quarter in the previous year, the business earned $2.63 EPS. On average, sell-side analysts predict that TotalEnergies SE will post 7.77 earnings per share for the current year.

TotalEnergies Cuts Dividend

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

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.