Buckingham Capital Management Inc. Sells 2,357 Shares of TotalEnergies SE (NYSE:TTE)

Buckingham Capital Management Inc. lessened its holdings in shares of TotalEnergies SE (NYSE:TTE) by 12.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,311 shares of the company’s stock after selling 2,357 shares during the period. Buckingham Capital Management Inc.’s holdings in TotalEnergies were worth $943,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC acquired a new position in TotalEnergies in the 4th quarter valued at approximately $345,000. CWA Asset Management Group LLC acquired a new stake in TotalEnergies in the 3rd quarter valued at approximately $823,000. Crossmark Global Holdings Inc. lifted its stake in TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after acquiring an additional 54,478 shares in the last quarter. Logan Capital Management Inc. boosted its position in TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after acquiring an additional 13,331 shares during the last quarter. Finally, FMR LLC grew its stake in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after acquiring an additional 324,033 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the topic of a number of research reports. Morgan Stanley reissued 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. Piper Sandler lowered their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Price Performance

Shares of TTE opened at $61.40 on Tuesday. The firm has a market capitalization of $144.99 billion, a PE ratio of 9.22, a PEG ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The company’s 50-day moving average is $57.34 and its 200-day moving average is $62.25. 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, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Equities analysts forecast that TotalEnergies SE will post 7.92 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is presently 36.04%.

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.