Bleakley Financial Group LLC Decreases Stock Holdings in TotalEnergies SE (NYSE:TTE)

Bleakley Financial Group LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,126 shares of the company’s stock after selling 6,280 shares during the quarter. Bleakley Financial Group LLC’s holdings in TotalEnergies were worth $2,841,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Clear Creek Financial Management LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $345,000. CWA Asset Management Group LLC acquired a new position in TotalEnergies in the 3rd quarter worth approximately $823,000. Crossmark Global Holdings Inc. increased its holdings in TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after buying an additional 54,478 shares during the period. Logan Capital Management Inc. increased its holdings in TotalEnergies by 22.8% in the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after buying an additional 13,331 shares during the period. Finally, FMR LLC increased its holdings in TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TTE shares. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Piper Sandler dropped their price objective 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. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Scotiabank dropped their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. 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’s stock. According to MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE opened at $60.90 on Friday. The stock has a 50 day moving average price of $56.81 and a 200 day moving average price of $62.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $143.81 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. Research analysts predict that TotalEnergies SE will post 7.73 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 34.04%.

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.