Cyndeo Wealth Partners LLC Reduces Stake in TotalEnergies SE (NYSE:TTE)

Cyndeo Wealth Partners LLC reduced its position in TotalEnergies SE (NYSE:TTE) by 33.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,690 shares of the company’s stock after selling 17,505 shares during the period. Cyndeo Wealth Partners LLC’s holdings in TotalEnergies were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. boosted its stake in shares of TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after buying an additional 145 shares during the last quarter. Venturi Wealth Management LLC lifted its position in TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after purchasing an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after purchasing an additional 169 shares in the last quarter. Tradition Wealth Management LLC lifted its position in TotalEnergies by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after purchasing an additional 171 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its position in TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock valued at $563,000 after purchasing an additional 181 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.0 %

Shares of TTE stock opened at $58.78 on Friday. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average price is $56.86 and its 200-day moving average price is $63.22. The stock has a market capitalization of $138.79 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last issued its 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). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The firm had revenue of $52.02 billion during the quarter, compared to the consensus estimate of $57.03 billion. During the same period last year, the firm posted $2.63 earnings per share. Equities research analysts predict that TotalEnergies SE will post 7.77 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business 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 payout ratio is currently 34.04%.

Wall Street Analysts Forecast Growth

TTE has been the topic of several analyst reports. Scotiabank lowered their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

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.