Fort Washington Investment Advisors Inc. OH Cuts Stock Holdings in TotalEnergies SE (NYSE:TTE)

Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,266 shares of the company’s stock after selling 590 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in TotalEnergies were worth $355,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bartlett & Co. LLC boosted its position in TotalEnergies by 7.6% during the third quarter. Bartlett & Co. LLC now owns 2,210 shares of the company’s stock valued at $147,000 after buying an additional 157 shares during the period. IFP Advisors Inc boosted its position in TotalEnergies by 10.2% during the third quarter. IFP Advisors Inc now owns 1,695 shares of the company’s stock valued at $111,000 after buying an additional 157 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of TotalEnergies by 3.0% during the third quarter. Geneos Wealth Management Inc. now owns 5,619 shares of the company’s stock worth $370,000 after purchasing an additional 165 shares during the period. Garland Capital Management Inc. boosted its holdings in shares of TotalEnergies by 0.3% during the third quarter. Garland Capital Management Inc. now owns 62,402 shares of the company’s stock worth $4,104,000 after purchasing an additional 165 shares during the period. Finally, Lantz Financial LLC boosted its holdings in shares of TotalEnergies by 1.3% during the third quarter. Lantz Financial LLC now owns 12,515 shares of the company’s stock worth $823,000 after purchasing an additional 166 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TTE opened at $68.48 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. TotalEnergies SE has a one year low of $54.94 and a one year high of $69.63. The company has a 50-day simple moving average of $65.37 and a two-hundred day simple moving average of $66.12. The firm has a market capitalization of $161.05 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 1.63 and a beta of 0.71.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The company had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. During the same quarter last year, the business earned $2.97 earnings per share. On average, analysts anticipate that TotalEnergies SE will post 9.29 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be issued a $0.597 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.39 annualized dividend and a yield of 3.49%. TotalEnergies’s dividend payout ratio (DPR) is presently 27.57%.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of analyst reports. Jefferies Financial Group lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Piper Sandler dropped their target price on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.33.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.