TotalEnergies SE (NYSE:TTE) Stock Holdings Trimmed by Pictet North America Advisors SA

Pictet North America Advisors SA trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,985 shares of the company’s stock after selling 1,061 shares during the period. Pictet North America Advisors SA’s holdings in TotalEnergies were worth $217,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FSA Wealth Management LLC bought a new position in shares of TotalEnergies during the 3rd quarter valued at about $26,000. Continuum Advisory LLC lifted its stake in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies during the third quarter worth approximately $32,000. Eastern Bank bought a new stake in TotalEnergies during the third quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC grew its position in TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the subject of several research reports. Piper Sandler reduced their price objective on 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 note on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Finally, 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. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Up 0.1 %

Shares of TotalEnergies stock opened at $60.93 on Friday. The firm has a market cap of $143.88 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 2.12 and a beta of 0.61. The stock has a 50-day simple moving average of $57.18 and a 200-day simple moving average of $62.40. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. 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 (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (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, equities research analysts expect that TotalEnergies SE will post 7.92 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders 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 is 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.