TotalEnergies SE (NYSE:TTE) Shares Sold by Leo Wealth LLC

Leo Wealth LLC lessened its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 43.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,126 shares of the company's stock after selling 7,793 shares during the quarter. Leo Wealth LLC's holdings in TotalEnergies were worth $552,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in TotalEnergies in the third quarter valued at $26,000. Continuum Advisory LLC increased its position 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 in the last quarter. Maryland Capital Advisors Inc. purchased a new stake in shares of TotalEnergies in the 3rd quarter valued at about $32,000. Eastern Bank acquired a new stake in shares of TotalEnergies in the 3rd quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC grew its stake in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TTE shares. 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. Piper Sandler decreased their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Morgan Stanley reissued an "equal weight" rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. BNP Paribas downgraded TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Finally, Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $72.42.

TotalEnergies Price Performance

TotalEnergies stock traded up $0.63 during midday trading on Tuesday, reaching $60.98. The company's stock had a trading volume of 2,255,012 shares, compared to its average volume of 1,861,000. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The firm has a market capitalization of $144.00 billion, a PE ratio of 9.16, a P/E/G ratio of 2.12 and a beta of 0.61. The stock's 50 day simple moving average is $57.02 and its 200 day simple moving average is $62.42.

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

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies's dividend payout ratio is currently 36.04%.

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.