Strengthening Families & Communities LLC Decreases Holdings in TotalEnergies SE (NYSE:TTE)

Strengthening Families & Communities LLC reduced its position in TotalEnergies SE (NYSE:TTE) by 75.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,087 shares of the company’s stock after selling 21,770 shares during the period. Strengthening Families & Communities LLC’s holdings in TotalEnergies were worth $386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in shares of TotalEnergies in the fourth quarter valued at $49,000. Savant Capital LLC grew its stake in TotalEnergies by 87.8% in the 4th quarter. Savant Capital LLC now owns 14,414 shares of the company’s stock valued at $786,000 after acquiring an additional 6,737 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in TotalEnergies by 4.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,693 shares of the company’s stock valued at $1,019,000 after acquiring an additional 846 shares in the last quarter. Stephens Inc. AR raised its position in TotalEnergies by 3.7% during the fourth quarter. Stephens Inc. AR now owns 27,163 shares of the company’s stock worth $1,480,000 after acquiring an additional 962 shares during the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of TotalEnergies by 152.9% in the fourth quarter. WCM Investment Management LLC now owns 45,736 shares of the company’s stock valued at $2,492,000 after purchasing an additional 27,651 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TTE shares. Piper Sandler dropped their price objective 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. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six 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 stock. According to MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

NYSE TTE opened at $60.27 on Tuesday. The business’s 50-day moving average price is $56.94 and its 200 day moving average price is $62.47. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a market capitalization of $142.32 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data 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 net margin of 7.34% and a return on equity of 15.22%. On average, research analysts predict that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

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

About TotalEnergies

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.