Bfsg LLC Decreases Position in TotalEnergies SE (NYSE:TTE)

Bfsg LLC trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,498 shares of the company’s stock after selling 751 shares during the period. Bfsg LLC’s holdings in TotalEnergies were worth $6,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. FMR LLC lifted its stake in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares during the last quarter. Franklin Resources Inc. increased its stake in TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares during the period. Natixis Advisors LLC lifted its position in TotalEnergies by 4.9% in the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after purchasing an additional 106,347 shares during the last quarter. Equity Investment Corp boosted its stake in shares of TotalEnergies by 2.3% during the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after purchasing an additional 41,564 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of TotalEnergies by 5.2% during the third quarter. HighTower Advisors LLC now owns 737,658 shares of the company’s stock valued at $47,655,000 after purchasing an additional 36,299 shares during the period. 16.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

TotalEnergies Price Performance

Shares of NYSE TTE opened at $61.40 on Tuesday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The stock has a market capitalization of $144.99 billion, a P/E ratio of 9.22, a P/E/G ratio of 2.12 and a beta of 0.61. The company’s 50-day moving average is $57.34 and its 200 day moving average is $62.25. 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 posted its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, sell-side analysts expect that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders 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 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.