Fortitude Advisory Group L.L.C. Sells 630 Shares of TotalEnergies SE (NYSE:TTE)

Fortitude Advisory Group L.L.C. trimmed its position in shares of TotalEnergies SE (NYSE:TTE) by 12.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,533 shares of the company’s stock after selling 630 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in TotalEnergies were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TTE. Mather Group LLC. increased its stake in TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after buying an additional 145 shares during the last quarter. Venturi Wealth Management LLC boosted its position in TotalEnergies by 0.6% in the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after purchasing an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after purchasing an additional 169 shares during the last quarter. Tradition Wealth Management LLC raised its stake in shares of TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after purchasing an additional 171 shares during the period. Finally, Lake Street Advisors Group LLC grew its position in TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock valued at $563,000 after buying an additional 181 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Up 0.4 %

TotalEnergies stock opened at $58.94 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. 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 cap of $139.19 billion, a P/E ratio of 8.36, a PEG ratio of 2.01 and a beta of 0.61. The firm’s fifty day moving average price is $56.81 and its 200-day moving average price is $63.12.

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

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders 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 payout ratio is 34.04%.

Analyst Ratings Changes

TTE has been the topic of a number of research analyst reports. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.