Phillips Wealth Planners LLC Trims Holdings in TotalEnergies SE (NYSE:TTE)

Phillips Wealth Planners LLC cut its stake in TotalEnergies SE (NYSE:TTE) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,490 shares of the company’s stock after selling 1,098 shares during the quarter. Phillips Wealth Planners LLC’s holdings in TotalEnergies were worth $425,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TTE. FSA Wealth Management LLC purchased a new position in shares of TotalEnergies in the third quarter valued at $26,000. Continuum Advisory LLC grew its position in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Boit C F David purchased a new position in shares of TotalEnergies in the third quarter valued at $32,000. Maryland Capital Advisors Inc. purchased a new position in TotalEnergies during the third quarter worth about $32,000. Finally, Eastern Bank purchased a new position in TotalEnergies during the third quarter worth about $32,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 1.7 %

Shares of TTE stock opened at $58.09 on Thursday. 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 business has a 50-day moving average price of $56.93 and a two-hundred day moving average price of $63.36. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The firm has a market cap of $137.18 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.10). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The firm had revenue of $52.02 billion for the quarter, compared to the consensus estimate of $57.03 billion. During the same period last year, the firm earned $2.63 EPS. Equities analysts anticipate that TotalEnergies SE will post 7.77 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.04%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TTE. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Scotiabank reduced their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies 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.