TotalEnergies SE (NYSE:TTE) Holdings Cut by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC lowered its holdings in TotalEnergies SE (NYSE:TTE) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,715 shares of the company’s stock after selling 256 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in TotalEnergies were worth $257,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TTE. Frank Rimerman Advisors LLC bought a new position in TotalEnergies in the second quarter worth about $541,000. EverSource Wealth Advisors LLC raised its holdings in shares of TotalEnergies by 6.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,211 shares of the company’s stock valued at $218,000 after buying an additional 196 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of TotalEnergies by 2.6% during the second quarter. Evergreen Capital Management LLC now owns 42,297 shares of the company’s stock valued at $2,856,000 after buying an additional 1,075 shares during the last quarter. Fred Alger Management LLC raised its holdings in shares of TotalEnergies by 3.0% during the second quarter. Fred Alger Management LLC now owns 69,542 shares of the company’s stock valued at $4,637,000 after buying an additional 2,018 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of TotalEnergies by 189.9% during the second quarter. AQR Capital Management LLC now owns 11,653 shares of the company’s stock valued at $777,000 after buying an additional 7,633 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE TTE opened at $59.13 on Wednesday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. 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 firm has a market capitalization of $139.64 billion, a PE ratio of 8.39, a P/E/G ratio of 2.12 and a beta of 0.61. The company’s 50 day simple moving average is $56.97 and its 200 day simple moving average is $63.39.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.10). The business had revenue of $52.02 billion during the quarter, compared to analyst estimates of $57.03 billion. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. During the same quarter last year, the firm posted $2.63 EPS. As a group, equities research analysts forecast that TotalEnergies SE will post 7.77 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Scotiabank cut their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

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.