Atomi Financial Group Inc. Cuts Stake in TotalEnergies SE (NYSE:TTE)

Atomi Financial Group Inc. decreased its holdings in TotalEnergies SE (NYSE:TTE) by 40.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,891 shares of the company’s stock after selling 6,603 shares during the period. Atomi Financial Group Inc.’s holdings in TotalEnergies were worth $539,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC boosted its position in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the period. Boit C F David purchased a new stake in TotalEnergies during the 3rd quarter valued at $32,000. Maryland Capital Advisors Inc. purchased a new stake in TotalEnergies during the 3rd quarter valued at $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies during the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. 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. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler decreased their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Up 1.1 %

Shares of TotalEnergies stock opened at $58.76 on Friday. 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 company has a 50-day moving average of $56.90 and a 200 day moving average of $63.33. The firm has a market cap of $138.77 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 2.04 and a beta of 0.61. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.10). The business had revenue of $52.02 billion during the quarter, compared to the consensus estimate of $57.03 billion. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. During the same quarter in the previous year, the business earned $2.63 earnings per share. As a group, sell-side analysts anticipate that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.04%.

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.