TotalEnergies SE (NYSE:TTE) Position Reduced by Blue Trust Inc.

Blue Trust Inc. trimmed its stake in shares of TotalEnergies SE (NYSE:TTE) by 24.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,210 shares of the company’s stock after selling 3,972 shares during the quarter. Blue Trust Inc.’s holdings in TotalEnergies were worth $665,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC boosted its stake in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares during the last quarter. Asset Planning Inc bought a new position in shares of TotalEnergies in the 4th quarter worth about $31,000. Maryland Capital Advisors Inc. bought a new position in shares of TotalEnergies in the 3rd quarter worth about $32,000. Finally, Eastern Bank bought a new position in shares of TotalEnergies in the 3rd quarter worth about $32,000. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent research reports. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler reduced their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Up 0.6 %

TotalEnergies stock opened at $61.40 on Monday. The stock has a market cap of $144.99 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 2.12 and a beta of 0.61. 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 company’s 50-day moving average price is $57.27 and its two-hundred day moving average price is $62.29. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97.

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

TotalEnergies Cuts Dividend

The business also recently announced 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 was Tuesday, December 31st. TotalEnergies’s payout ratio is 36.79%.

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.