Hardy Reed LLC Sells 676 Shares of TotalEnergies SE (NYSE:TTE)

Hardy Reed LLC lowered its position in TotalEnergies SE (NYSE:TTE) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,535 shares of the company’s stock after selling 676 shares during the period. Hardy Reed LLC’s holdings in TotalEnergies were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of TTE. FSA Wealth Management LLC bought a new position in TotalEnergies in the third quarter worth approximately $26,000. Continuum Advisory LLC boosted its holdings in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc purchased a new stake in TotalEnergies in the fourth quarter valued at $31,000. Eastern Bank purchased a new stake in shares of TotalEnergies during the 3rd quarter worth about $32,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of TotalEnergies during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE opened at $60.92 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $143.85 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.99 and a beta of 0.61. The company’s 50 day simple moving average is $57.53 and its 200 day simple moving average is $62.20. 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 Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping 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%. On average, sell-side analysts predict that TotalEnergies SE will post 8.02 EPS for the current 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 of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 36.04%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Piper Sandler decreased 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. Morgan Stanley restated an “equal weight” rating and set a $64.10 price target (down previously 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. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

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.