Farmers & Merchants Investments Inc. Lowers Position in TotalEnergies SE (NYSE:TTE)

Farmers & Merchants Investments Inc. cut its position in shares of TotalEnergies SE (NYSE:TTE) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,943 shares of the company’s stock after selling 925 shares during the period. Farmers & Merchants Investments Inc.’s holdings in TotalEnergies were worth $433,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new position in TotalEnergies during the third quarter worth approximately $26,000. Continuum Advisory LLC grew its position in shares of TotalEnergies by 70.4% in 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 period. Maryland Capital Advisors Inc. acquired a new stake in shares of TotalEnergies in the third quarter valued at about $32,000. Eastern Bank purchased a new position in TotalEnergies in the 3rd quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC boosted its holdings in TotalEnergies by 156.3% in the 4th 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. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTE has been the subject of several research reports. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Piper Sandler lowered their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Down 0.1 %

TTE opened at $60.86 on Friday. The business has a fifty day moving average price of $56.87 and a 200 day moving average price of $62.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $143.71 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 2.12 and a beta of 0.61. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating 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%. Sell-side analysts expect that TotalEnergies SE will post 7.92 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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