Augustine Asset Management Inc. Trims Holdings in TotalEnergies SE (NYSE:TTE)

Augustine Asset Management Inc. decreased its position in shares of TotalEnergies SE (NYSE:TTE) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,408 shares of the company’s stock after selling 1,740 shares during the period. TotalEnergies accounts for about 1.3% of Augustine Asset Management Inc.’s investment portfolio, making the stock its 13th largest position. Augustine Asset Management Inc.’s holdings in TotalEnergies were worth $4,982,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies during the third quarter worth about $26,000. Continuum Advisory LLC boosted its stake in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the period. Maryland Capital Advisors Inc. purchased a new stake in TotalEnergies during the 3rd quarter valued at approximately $32,000. Eastern Bank bought a new stake in shares of TotalEnergies during the third quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TTE shares. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler reduced 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 reissued an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six investment 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 stock. According to data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Trading Up 1.0 %

Shares of NYSE TTE opened at $60.98 on Wednesday. TotalEnergies SE has a 1-year low of $53.29 and a 1-year 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. The business’s 50 day moving average is $57.02 and its two-hundred day moving average is $62.42. The stock has a market capitalization of $144.00 billion, a P/E ratio of 9.16, a PEG ratio of 2.12 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, research analysts expect that TotalEnergies SE will post 7.92 EPS for the current 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 issued a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 36.04%.

TotalEnergies 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.