Ipswich Investment Management Co. Inc. Sells 1,595 Shares of TotalEnergies SE (NYSE:TTE)

Ipswich Investment Management Co. Inc. cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 6.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,730 shares of the company’s stock after selling 1,595 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in TotalEnergies were worth $1,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTE. Drum Hill Capital LLC bought a new position in TotalEnergies in the 4th quarter worth approximately $3,354,000. FDx Advisors Inc. lifted its position in shares of TotalEnergies by 12.7% during the fourth quarter. FDx Advisors Inc. now owns 5,884 shares of the company’s stock worth $321,000 after acquiring an additional 663 shares in the last quarter. Boston Financial Mangement LLC boosted its holdings in shares of TotalEnergies by 0.5% in the fourth quarter. Boston Financial Mangement LLC now owns 49,361 shares of the company’s stock worth $2,690,000 after acquiring an additional 250 shares during the period. Wealth Alliance grew its position in shares of TotalEnergies by 20.4% in the fourth quarter. Wealth Alliance now owns 25,253 shares of the company’s stock valued at $1,376,000 after purchasing an additional 4,284 shares in the last quarter. Finally, Sunpointe LLC raised its stake in shares of TotalEnergies by 15.2% during the 4th quarter. Sunpointe LLC now owns 6,755 shares of the company’s stock valued at $374,000 after purchasing an additional 892 shares during the period. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the subject of several analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company 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 report on Thursday, December 5th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six 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 data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Down 1.4 %

NYSE:TTE opened at $60.74 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $143.42 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The company has a fifty day moving average of $57.74 and a 200 day moving average of $62.17.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current 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 issued a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 36.04%.

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.