TotalEnergies SE (NYSE:TTE) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC reduced its holdings in TotalEnergies SE (NYSE:TTE) by 34.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,093 shares of the company’s stock after selling 9,160 shares during the quarter. Perigon Wealth Management LLC’s holdings in TotalEnergies were worth $1,009,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TTE. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies in the 3rd quarter valued at approximately $26,000. Continuum Advisory LLC boosted its position in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the period. Boit C F David purchased a new position in shares of TotalEnergies during the third quarter valued at $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies during the third quarter valued at $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies in the 3rd quarter worth about $32,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE opened at $58.68 on Friday. 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 has a market cap of $138.56 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. The stock’s 50-day moving average price is $56.69 and its two-hundred day moving average price is $62.97. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $57.03 billion. During the same quarter in the prior year, the company earned $2.63 EPS. On average, equities analysts predict that TotalEnergies SE will post 7.77 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently disclosed 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 is currently 34.04%.

Wall Street Analysts Forecast Growth

TTE has been the topic of several research reports. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. 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 note on Thursday, October 10th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies 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.