TotalEnergies SE (NYSE:TTE) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lowered its position in shares of TotalEnergies SE (NYSE:TTE) by 10.4% during the fourth quarter, Holdings Channel reports. The fund owned 7,943 shares of the company’s stock after selling 925 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in TotalEnergies were worth $433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in TotalEnergies in the 3rd quarter valued at about $26,000. Continuum Advisory LLC boosted 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 worth $27,000 after acquiring an additional 183 shares during the last quarter. Maryland Capital Advisors Inc. purchased a new stake in TotalEnergies in the third quarter valued at approximately $32,000. Eastern Bank purchased a new stake in TotalEnergies in the third quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC increased its position in TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTE has been the subject of several research reports. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler dropped their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Six 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $60.86 on Friday. The stock has a market capitalization of $143.71 billion, a P/E ratio of 9.14, a P/E/G ratio of 2.12 and a beta of 0.61. The firm’s 50-day moving average price is $56.87 and its two-hundred day moving average price is $62.56. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

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