Hantz Financial Services Inc. Sells 456 Shares of TotalEnergies SE (NYSE:TTE)

Hantz Financial Services Inc. cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.2% in the 4th quarter, HoldingsChannel reports. The fund owned 37,895 shares of the company’s stock after selling 456 shares during the period. Hantz Financial Services Inc.’s holdings in TotalEnergies were worth $2,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC raised its stake in shares of TotalEnergies by 189.9% in the second quarter. AQR Capital Management LLC now owns 11,653 shares of the company’s stock worth $777,000 after purchasing an additional 7,633 shares during the last quarter. NewEdge Advisors LLC raised its position in TotalEnergies by 42.9% in the 2nd quarter. NewEdge Advisors LLC now owns 46,147 shares of the company’s stock valued at $3,077,000 after buying an additional 13,849 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in TotalEnergies by 9.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 50,229 shares of the company’s stock valued at $3,349,000 after acquiring an additional 4,255 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in TotalEnergies by 162.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,187 shares of the company’s stock worth $79,000 after acquiring an additional 734 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of TotalEnergies in the 2nd quarter worth $9,176,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Scotiabank decreased 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. Finally, Piper Sandler cut their price target 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. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 0.9 %

Shares of TTE opened at $58.68 on Friday. The firm has a market cap of $138.56 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The business has a 50-day moving average of $56.69 and a 200 day moving average of $62.97.

TotalEnergies (NYSE:TTE) last posted 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). The business had revenue of $52.02 billion during the quarter, compared to the consensus estimate of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same period last year, the firm earned $2.63 EPS. As a group, research analysts forecast that TotalEnergies SE will post 7.77 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s payout ratio is 34.04%.

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.