Financial Advocates Investment Management Sells 5,324 Shares of TotalEnergies SE (NYSE:TTE)

Financial Advocates Investment Management lowered its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 43.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,854 shares of the company's stock after selling 5,324 shares during the quarter. Financial Advocates Investment Management's holdings in TotalEnergies were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTE. FSA Wealth Management LLC purchased a new position in TotalEnergies in the 3rd quarter worth about $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 valued at $27,000 after purchasing an additional 183 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in TotalEnergies during the third quarter valued at approximately $32,000. Eastern Bank purchased a new stake in TotalEnergies in the third quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC grew its position in TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after purchasing an additional 400 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

NYSE:TTE traded up $0.56 on Tuesday, reaching $60.91. 1,393,321 shares of the company's stock traded hands, compared to its average volume of 1,828,114. The stock has a 50-day simple moving average of $56.94 and a 200-day simple moving average of $62.47. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The firm has a market cap of $143.84 billion, a PE ratio of 9.15, a P/E/G 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.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS 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%. Equities research analysts forecast that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies's dividend payout ratio is 36.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TTE. Morgan Stanley restated an "equal weight" rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Finally, BNP Paribas lowered TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Six research 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $72.42.

About TotalEnergies

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.