Atria Investments LLC Sells 4,639 Shares of TotalEnergies SE (NYSE:TTE)

Atria Investments LLC cut its holdings in TotalEnergies SE (NYSE:TTEGet Rating) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,015 shares of the company’s stock after selling 4,639 shares during the quarter. Atria Investments LLC’s holdings in TotalEnergies were worth $2,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CX Institutional bought a new position in TotalEnergies in the second quarter valued at approximately $26,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in TotalEnergies in the second quarter valued at approximately $28,000. Trust Co. of Vermont bought a new position in TotalEnergies in the second quarter valued at approximately $31,000. Allworth Financial LP boosted its stake in TotalEnergies by 116.1% in the second quarter. Allworth Financial LP now owns 683 shares of the company’s stock valued at $36,000 after acquiring an additional 367 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in TotalEnergies by 140.6% in the second quarter. Brown Brothers Harriman & Co. now owns 859 shares of the company’s stock valued at $45,000 after acquiring an additional 502 shares during the last quarter. 6.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TTE has been the topic of several analyst reports. Wolfe Research upgraded shares of TotalEnergies from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Thursday, January 12th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 14th. Deutsche Bank Aktiengesellschaft increased their target price on shares of TotalEnergies from €54.90 ($59.67) to €60.00 ($65.22) in a report on Wednesday, December 7th. The Goldman Sachs Group lowered shares of TotalEnergies from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. Finally, Cowen cut their target price on shares of TotalEnergies from $58.00 to $56.00 in a report on Friday, September 30th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $63.62.

TotalEnergies Stock Up 0.1 %

TotalEnergies stock opened at $64.63 on Tuesday. The company has a market cap of $168.46 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 0.57 and a beta of 0.80. TotalEnergies SE has a 1-year low of $44.61 and a 1-year high of $64.93. The company has a fifty day simple moving average of $60.88 and a 200 day simple moving average of $54.42. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

TotalEnergies (NYSE:TTEGet Rating) last released its earnings results on Thursday, October 27th. The company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.91 by ($0.08). The business had revenue of $69.04 billion during the quarter. TotalEnergies had a net margin of 8.67% and a return on equity of 29.83%. Research analysts anticipate that TotalEnergies SE will post 14.14 earnings per share for the current fiscal year.

TotalEnergies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Friday, December 30th will be given a $0.529 dividend. The ex-dividend date is Thursday, December 29th. This represents a $2.12 dividend on an annualized basis and a yield of 3.27%. This is an increase from TotalEnergies’s previous quarterly dividend of $0.51. TotalEnergies’s dividend payout ratio (DPR) is 24.94%.

TotalEnergies Profile

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TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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