TotalEnergies SE (NYSE:TTE) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY decreased its holdings in TotalEnergies SE (NYSE:TTE) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,976 shares of the company’s stock after selling 39,890 shares during the period. TotalEnergies comprises approximately 1.4% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 27th largest position. Miller Howard Investments Inc. NY’s holdings in TotalEnergies were worth $42,345,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in TotalEnergies during the 3rd quarter worth about $26,000. Continuum Advisory LLC increased its stake in shares of TotalEnergies by 70.4% during 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. Maryland Capital Advisors Inc. acquired a new stake in TotalEnergies in the third quarter valued at approximately $32,000. Eastern Bank purchased a new position in TotalEnergies in the third quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC lifted its stake in TotalEnergies by 156.3% in the fourth 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 last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TTE shares. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Morgan Stanley reissued an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six equities 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, TotalEnergies has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Down 0.1 %

TTE stock opened at $60.86 on Friday. The stock has a market capitalization of $143.71 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company has a fifty day moving average of $56.87 and a 200-day moving average of $62.56. 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 (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, analysts expect that TotalEnergies SE will post 7.92 EPS for the current year.

TotalEnergies Cuts Dividend

The business also recently disclosed 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 was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 36.04%.

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.