TotalEnergies SE (NYSE:TTE) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC trimmed its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.5% in the fourth quarter, Holdings Channel reports. The fund owned 27,334 shares of the company’s stock after selling 417 shares during the period. Venturi Wealth Management LLC’s holdings in TotalEnergies were worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Franklin Resources Inc. increased its position 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 buying an additional 1,546,866 shares in the last quarter. Barclays PLC boosted its holdings in TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after acquiring an additional 361,923 shares during the last quarter. FMR LLC boosted its holdings in TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares during the last quarter. Finally, DRW Securities LLC boosted its holdings in TotalEnergies by 134.5% in the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after acquiring an additional 250,427 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the topic of a number of research analyst reports. 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. Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Up 0.7 %

TTE stock opened at $61.81 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a 50-day moving average of $57.44 and a two-hundred day moving average of $62.21. The stock has a market capitalization of $145.96 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, equities research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

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

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.