Mount Yale Investment Advisors LLC Lowers Holdings in TotalEnergies SE (NYSE:TTE)

Mount Yale Investment Advisors LLC decreased its position in TotalEnergies SE (NYSE:TTE - Free Report) by 33.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,822 shares of the company's stock after selling 8,783 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in TotalEnergies were worth $971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies in the 3rd quarter worth about $26,000. Continuum Advisory LLC grew its position in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after acquiring an additional 183 shares in the last quarter. Boit C F David bought a new stake in TotalEnergies during the third quarter worth approximately $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies in the 3rd quarter valued at approximately $32,000. Finally, Eastern Bank purchased a new position in shares of TotalEnergies in the 3rd quarter worth approximately $32,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TTE shares. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. BNP Paribas lowered TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. UBS Group upgraded TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $72.42.

TotalEnergies Stock Performance

TotalEnergies stock traded down $0.65 during mid-day trading on Tuesday, reaching $58.27. 1,288,846 shares of the company traded hands, compared to its average volume of 2,074,626. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The firm's fifty day moving average is $56.81 and its two-hundred day moving average is $63.12. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a market capitalization of $137.59 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.10). TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. The company had revenue of $52.02 billion for the quarter, compared to analysts' expectations of $57.03 billion. During the same quarter in the previous year, the business posted $2.63 EPS. On average, equities research analysts expect that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business 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 payout ratio is presently 34.04%.

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.