Weatherly Asset Management L. P. Cuts Stock Holdings in TotalEnergies SE (NYSE:TTE)

Weatherly Asset Management L. P. decreased its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,216 shares of the company's stock after selling 9,972 shares during the quarter. Weatherly Asset Management L. P.'s holdings in TotalEnergies were worth $3,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TTE. Clear Creek Financial Management LLC purchased a new stake in TotalEnergies in the fourth quarter valued at $345,000. CWA Asset Management Group LLC purchased a new position in TotalEnergies in the third quarter valued at $823,000. Crossmark Global Holdings Inc. raised its holdings in shares of TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company's stock valued at $10,815,000 after purchasing an additional 54,478 shares in the last quarter. Logan Capital Management Inc. lifted its position in shares of TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company's stock worth $4,637,000 after purchasing an additional 13,331 shares during the last quarter. Finally, FMR LLC grew its stake in shares of TotalEnergies by 2.7% during 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. Hedge funds and other institutional investors own 16.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. BNP Paribas downgraded TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Finally, Piper Sandler cut 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. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Stock Performance

NYSE TTE traded up $0.31 during trading hours on Friday, hitting $61.37. The company had a trading volume of 741,479 shares, compared to its average volume of 1,792,065. 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 1-year low of $53.29 and a 1-year high of $74.97. The company has a market cap of $144.92 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The business has a 50 day moving average of $57.18 and a 200-day moving average of $62.40.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (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%. As a group, equities research analysts expect that TotalEnergies SE will post 7.92 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid 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 36.04%.

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.