Willis Investment Counsel Has $5.57 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Willis Investment Counsel cut its position in TotalEnergies SE (NYSE:TTE) by 0.3% during the 4th quarter, HoldingsChannel reports. The firm owned 102,137 shares of the company’s stock after selling 306 shares during the quarter. Willis Investment Counsel’s holdings in TotalEnergies were worth $5,566,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Mather Group LLC. raised its holdings in TotalEnergies by 12.4% in the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after purchasing an additional 145 shares during the period. Venturi Wealth Management LLC increased its position in shares of TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after acquiring an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after acquiring an additional 169 shares in the last quarter. Tradition Wealth Management LLC increased its position in shares of TotalEnergies by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after acquiring an additional 171 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its position in shares of TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after acquiring an additional 181 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TTE opened at $58.01 on Monday. The firm has a 50-day moving average of $56.65 and a 200-day moving average of $62.82. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company has a market cap of $136.98 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

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 the consensus estimate of $57.03 billion. During the same period last year, the business earned $2.63 EPS. As a group, equities analysts forecast that TotalEnergies SE will post 7.73 earnings per share for the current year.

TotalEnergies Cuts Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Scotiabank decreased their target price 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. 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 research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

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.