Pictet North America Advisors SA Has $217,000 Stock Position in TotalEnergies SE (NYSE:TTE)

Pictet North America Advisors SA cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 21.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,985 shares of the company’s stock after selling 1,061 shares during the quarter. Pictet North America Advisors SA’s holdings in TotalEnergies were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Clear Creek Financial Management LLC bought a new stake in TotalEnergies in the 4th quarter valued at $345,000. CWA Asset Management Group LLC acquired a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $823,000. Crossmark Global Holdings Inc. increased its position in shares of TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after purchasing an additional 54,478 shares during the period. Logan Capital Management Inc. raised its stake in shares of TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares in the last quarter. Finally, FMR LLC boosted its stake in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on TTE shares. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Piper Sandler decreased their price objective 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 issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Up 0.1 %

TotalEnergies stock opened at $60.93 on Friday. The firm has a market capitalization of $143.88 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 2.12 and a beta of 0.61. The company’s 50 day simple moving average is $57.18 and its 200 day simple moving average is $62.40. 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.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, sell-side analysts anticipate that TotalEnergies SE will post 7.92 EPS for the current year.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 21st. Investors 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 presently 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.