TotalEnergies SE (NYSE:TTE) Shares Sold by Martin Capital Partners LLC

Martin Capital Partners LLC lowered its stake in TotalEnergies SE (NYSE:TTE) by 56.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,013 shares of the company’s stock after selling 27,625 shares during the quarter. Martin Capital Partners LLC’s holdings in TotalEnergies were worth $1,145,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new position in shares of TotalEnergies during the 3rd quarter worth approximately $823,000. Crossmark Global Holdings Inc. grew its stake in shares of TotalEnergies by 48.3% in the third 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 in the last quarter. Logan Capital Management Inc. raised its holdings in shares of TotalEnergies by 22.8% in 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 period. FMR LLC lifted its stake in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after acquiring an additional 324,033 shares in the last quarter. Finally, Equity Investment Corp boosted its holdings in TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after acquiring an additional 41,564 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 2.6 %

TTE opened at $59.08 on Wednesday. The firm has a market cap of $139.50 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The business’s 50 day moving average is $56.67 and its two-hundred day moving average is $62.67. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. On average, research analysts predict that TotalEnergies SE will post 7.73 EPS 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 issued a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is currently 34.04%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TTE shares. Scotiabank reduced their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.