Cambiar Investors LLC Lowers Position in TotalEnergies SE (NYSE:TTE)

Cambiar Investors LLC reduced its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 29.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 183,854 shares of the company's stock after selling 76,801 shares during the quarter. Cambiar Investors LLC's holdings in TotalEnergies were worth $10,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Creek Financial Management LLC purchased a new stake in shares of TotalEnergies during the fourth quarter valued at $345,000. CWA Asset Management Group LLC bought a new position in TotalEnergies in the 3rd quarter worth about $823,000. Crossmark Global Holdings Inc. increased its position in shares of TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company's stock worth $10,815,000 after acquiring an additional 54,478 shares during the period. Logan Capital Management Inc. raised its stake in shares of TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company's stock valued at $4,637,000 after acquiring an additional 13,331 shares in the last quarter. Finally, FMR LLC grew its stake in TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after purchasing an additional 324,033 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 1.0 %

Shares of TTE traded up $0.63 during mid-day trading on Tuesday, hitting $60.98. 2,255,012 shares of the company traded hands, compared to its average volume of 1,861,000. The company has a market capitalization of $144.00 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $56.94 and a 200 day moving average of $62.47. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Equities research analysts anticipate 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. Investors of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies's dividend payout ratio (DPR) is 36.04%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTE. Morgan Stanley reaffirmed an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Piper Sandler cut their target price 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. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Finally, Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.