AE Wealth Management LLC Increases Stock Position in TechnipFMC plc $FTI

AE Wealth Management LLC grew its stake in shares of TechnipFMC plc (NYSE:FTI) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 194,899 shares of the oil and gas company’s stock after buying an additional 11,296 shares during the period. AE Wealth Management LLC’s holdings in TechnipFMC were worth $8,685,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in TechnipFMC by 5,475.0% during the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 657 shares during the period. Harbor Investment Advisory LLC purchased a new stake in TechnipFMC during the 4th quarter worth $32,000. Newbridge Financial Services Group Inc. purchased a new stake in TechnipFMC during the 3rd quarter worth $32,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in TechnipFMC during the 4th quarter worth $41,000. Finally, Geneos Wealth Management Inc. boosted its position in TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 340 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

Shares of FTI stock opened at $70.46 on Friday. The firm has a market capitalization of $28.29 billion, a P/E ratio of 30.50, a P/E/G ratio of 1.48 and a beta of 0.71. The company’s fifty day moving average price is $66.79 and its two-hundred day moving average price is $52.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.89. TechnipFMC plc has a 12 month low of $24.36 and a 12 month high of $75.52.

TechnipFMC (NYSE:FTI) last issued its earnings results on Saturday, February 14th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.19. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. On average, research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, March 17th. TechnipFMC’s dividend payout ratio is 8.66%.

Insiders Place Their Bets

In other news, insider Jonathan Landes sold 116,194 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $62.20, for a total value of $7,227,266.80. Following the sale, the insider owned 71,356 shares in the company, valued at approximately $4,438,343.20. This represents a 61.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO David Light sold 6,622 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $62.43, for a total transaction of $413,411.46. Following the completion of the sale, the chief accounting officer owned 5,005 shares in the company, valued at approximately $312,462.15. This trade represents a 56.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,216,442 shares of company stock worth $75,762,414. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

FTI has been the subject of a number of research reports. TD Cowen reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. Susquehanna upped their price target on shares of TechnipFMC from $82.00 to $83.00 and gave the stock a “positive” rating in a research report on Tuesday, April 7th. The Goldman Sachs Group upped their price target on shares of TechnipFMC from $66.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays reiterated an “overweight” rating and issued a $69.00 price objective on shares of TechnipFMC in a report on Friday, February 20th. Finally, HSBC lowered shares of TechnipFMC from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $49.00 to $62.00 in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, TechnipFMC presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.73.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.