TotalEnergies SE (NYSE:TTE) Position Lessened by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC lowered its position in TotalEnergies SE (NYSE:TTE) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 40,461 shares of the company’s stock after selling 1,509 shares during the quarter. Princeton Global Asset Management LLC’s holdings in TotalEnergies were worth $2,205,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TTE. FSA Wealth Management LLC acquired a new position in TotalEnergies in the third quarter worth approximately $26,000. Continuum Advisory LLC increased its stake in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Boit C F David bought a new position in shares of TotalEnergies during the 3rd quarter valued at $32,000. Maryland Capital Advisors Inc. acquired a new stake in shares of TotalEnergies in the 3rd quarter valued at $32,000. Finally, Eastern Bank bought a new stake in TotalEnergies in the third quarter worth $32,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTE. Piper Sandler reduced their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Scotiabank decreased their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 target price (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 issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Price Performance

NYSE:TTE opened at $58.01 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The company has a fifty day moving average price of $56.65 and a 200 day moving average price of $62.82. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The stock has a market cap of $136.98 billion, a P/E ratio of 8.23, a PEG ratio of 2.02 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing the consensus estimate 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 period last year, the company earned $2.63 EPS. Analysts anticipate that TotalEnergies SE will post 7.73 earnings per share for the current year.

TotalEnergies Cuts Dividend

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

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.