TotalEnergies SE (NYSE:TTE) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV lessened its position in TotalEnergies SE (NYSE:TTE) by 6.8% during the fourth quarter, Holdings Channel reports. The fund owned 31,980 shares of the company’s stock after selling 2,340 shares during the quarter. Forte Capital LLC ADV’s holdings in TotalEnergies were worth $1,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. FSA Wealth Management LLC acquired a new position in TotalEnergies during the 3rd quarter valued at about $26,000. Continuum Advisory LLC increased its stake in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the period. Asset Planning Inc acquired a new position in TotalEnergies during the 4th quarter valued at about $31,000. Eastern Bank acquired a new position in TotalEnergies during the 3rd quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC increased its stake in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TTE shares. Morgan Stanley reissued an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Piper Sandler lowered their price objective 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. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six research 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE opened at $61.60 on Friday. The firm’s 50 day moving average is $57.64 and its 200-day moving average is $62.20. The stock has a market capitalization of $145.45 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.97 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. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last released 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 net margin of 7.34% and a return on equity of 15.22%. Equities research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date of this dividend 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.