Cambiar Investors LLC Sells 76,801 Shares of TotalEnergies SE (NYSE:TTE)

Cambiar Investors LLC reduced its position in shares of TotalEnergies SE (NYSE:TTE) by 29.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 183,854 shares of the company’s stock after selling 76,801 shares during the quarter. Cambiar Investors LLC’s holdings in TotalEnergies were worth $10,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTE. FSA Wealth Management LLC bought a new stake in TotalEnergies during the 3rd quarter worth about $26,000. Continuum Advisory LLC raised its holdings in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies during the 3rd quarter worth about $32,000. Eastern Bank bought a new stake in shares of TotalEnergies in the 3rd quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

TotalEnergies Stock Down 0.8 %

TTE stock opened at $60.27 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The stock has a market capitalization of $142.32 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 2.12 and a beta of 0.61. The business’s fifty day moving average price is $56.94 and its two-hundred day moving average price is $62.47.

TotalEnergies (NYSE:TTE) last released 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 15.22% and a net margin of 7.34%. On average, equities analysts anticipate that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently declared 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 was Tuesday, December 31st. TotalEnergies’s payout ratio 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.