TotalEnergies SE (NYSE:TTE) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC decreased its position in shares of TotalEnergies SE (NYSE:TTE) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,799 shares of the company’s stock after selling 4,686 shares during the quarter. Manning & Napier Advisors LLC’s holdings in TotalEnergies were worth $6,475,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in TotalEnergies during the 3rd quarter valued at approximately $26,000. Continuum Advisory LLC raised its holdings in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Boit C F David acquired a new position in TotalEnergies during the third quarter valued at $32,000. Maryland Capital Advisors Inc. purchased a new stake in TotalEnergies in the third quarter valued at $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

NYSE:TTE opened at $58.25 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization of $137.56 billion, a PE ratio of 8.26, a P/E/G ratio of 2.01 and a beta of 0.61. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a fifty day moving average of $56.71 and a two-hundred day moving average of $63.00.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. The company had revenue of $52.02 billion during the quarter, compared to analysts’ expectations of $57.03 billion. During the same period in the prior year, the business posted $2.63 earnings per share. As a group, research analysts forecast that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently announced 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 (DPR) is presently 34.04%.

Analyst Ratings Changes

TTE has been the subject of several analyst reports. Piper Sandler decreased their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Scotiabank cut their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Six investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

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.