Manchester Capital Management LLC Reduces Stake in TotalEnergies SE (NYSE:TTE)

Manchester Capital Management LLC lessened its stake in shares of TotalEnergies SE (NYSE:TTE) by 61.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,507 shares of the company’s stock after selling 2,432 shares during the period. Manchester Capital Management LLC’s holdings in TotalEnergies were worth $82,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Clear Creek Financial Management LLC acquired a new stake in TotalEnergies during the 4th quarter valued at $345,000. CWA Asset Management Group LLC acquired a new stake in TotalEnergies during the 3rd quarter valued at $823,000. Crossmark Global Holdings Inc. grew its holdings in TotalEnergies by 48.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after buying an additional 54,478 shares during the last quarter. Logan Capital Management Inc. grew its holdings in TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after buying an additional 13,331 shares during the last quarter. Finally, FMR LLC grew its holdings in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Morgan Stanley restated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Piper Sandler decreased their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 0.6 %

Shares of TTE opened at $61.40 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $144.99 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The stock’s fifty day simple moving average is $57.27 and its 200 day simple moving average is $62.32. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, equities research analysts forecast that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 36.04%.

TotalEnergies 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.