Foster & Motley Inc. Sells 2,032 Shares of TotalEnergies SE (NYSE:TTE)

Foster & Motley Inc. lowered its holdings in shares of TotalEnergies SE (NYSE:TTE) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 36,615 shares of the company’s stock after selling 2,032 shares during the period. Foster & Motley Inc.’s holdings in TotalEnergies were worth $1,996,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. R Squared Ltd bought a new position in TotalEnergies during the fourth quarter worth about $293,000. Mayflower Financial Advisors LLC grew its holdings in TotalEnergies by 14.0% during the fourth quarter. Mayflower Financial Advisors LLC now owns 14,470 shares of the company’s stock worth $789,000 after purchasing an additional 1,772 shares during the period. Orca Wealth Management LLC bought a new position in TotalEnergies during the fourth quarter worth about $1,210,000. Pacer Advisors Inc. lifted its position in TotalEnergies by 20.6% during the fourth quarter. Pacer Advisors Inc. now owns 709,249 shares of the company’s stock worth $38,654,000 after acquiring an additional 121,170 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in TotalEnergies by 26.2% during the fourth quarter. Blue Trust Inc. now owns 20,421 shares of the company’s stock worth $1,113,000 after acquiring an additional 4,239 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the subject of several research reports. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley restated an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six 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 has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Up 0.9 %

Shares of TTE opened at $58.68 on Friday. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company has a market cap of $138.56 billion, a P/E ratio of 8.32, a P/E/G ratio of 2.01 and a beta of 0.61. 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 has a 50 day simple moving average of $56.69 and a two-hundred day simple moving average of $62.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.10). TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. The firm had revenue of $52.02 billion for the quarter, compared to analyst estimates of $57.03 billion. During the same quarter in the prior year, the firm earned $2.63 earnings per share. Research analysts forecast that TotalEnergies SE will post 7.77 EPS 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 given a dividend of $0.8308 per share. The ex-dividend date of this dividend 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.