Strengthening Families & Communities LLC Sells 21,770 Shares of TotalEnergies SE (NYSE:TTE)

Strengthening Families & Communities LLC reduced its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 75.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,087 shares of the company's stock after selling 21,770 shares during the period. Strengthening Families & Communities LLC's holdings in TotalEnergies were worth $386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock worth $273,323,000 after buying an additional 1,546,866 shares during the period. Barclays PLC lifted its position in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after acquiring an additional 490,187 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of TotalEnergies by 6,367.4% during the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company's stock valued at $23,755,000 after purchasing an additional 361,923 shares during the last quarter. FMR LLC boosted its holdings in shares of 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 buying an additional 324,033 shares during the period. Finally, DRW Securities LLC boosted its stake in TotalEnergies by 134.5% in the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company's stock worth $4,149,000 after purchasing an additional 250,427 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Up 1.0 %

Shares of TTE stock traded up $0.63 during trading hours on Tuesday, reaching $60.98. The company had a trading volume of 2,255,012 shares, compared to its average volume of 1,861,000. The company has a 50 day moving average of $56.94 and a 200 day moving average of $62.47. The firm has a market cap of $144.00 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 2.12 and a beta of 0.61. 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 SE has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 anticipate that TotalEnergies SE will post 7.92 EPS for the current year.

TotalEnergies Cuts Dividend

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

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research reports. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Morgan Stanley reissued an "equal weight" rating and set a $64.10 target price (down previously 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 report on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Finally, Piper Sandler lowered their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Six equities 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.42.

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.