FDx Advisors Inc. Purchases 663 Shares of TotalEnergies SE (NYSE:TTE)

FDx Advisors Inc. lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,884 shares of the company’s stock after acquiring an additional 663 shares during the period. FDx Advisors Inc.’s holdings in TotalEnergies were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $26,000. Continuum Advisory LLC lifted its holdings in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Asset Planning Inc bought a new stake in shares of TotalEnergies during the 4th quarter worth approximately $31,000. Eastern Bank bought a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 1.1 %

Shares of NYSE TTE opened at $61.60 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The firm has a 50 day moving average price of $57.64 and a two-hundred day moving average price of $62.20. The stock has a market cap of $145.45 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.97 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is currently 36.04%.

Wall Street Analyst Weigh In

TTE has been the subject of a number of research analyst reports. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. 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. Finally, Morgan Stanley reiterated 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. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price 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.