Fortitude Advisory Group L.L.C. Sells 630 Shares of TotalEnergies SE (NYSE:TTE)

Fortitude Advisory Group L.L.C. lessened its position in shares of TotalEnergies SE (NYSE:TTE) by 12.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,533 shares of the company’s stock after selling 630 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in TotalEnergies were worth $247,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TTE. Franklin Resources Inc. raised its position in shares of TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the period. Barclays PLC lifted its holdings in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares in the last quarter. International Assets Investment Management LLC lifted its stake in TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after buying an additional 361,923 shares in the last quarter. FMR LLC boosted its holdings in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the period. Finally, DRW Securities LLC boosted its stake in TotalEnergies by 134.5% in the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after purchasing an additional 250,427 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.4 %

Shares of TotalEnergies stock opened at $58.94 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The business has a fifty day simple moving average of $56.81 and a two-hundred day simple moving average of $63.12. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company has a market capitalization of $139.19 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 2.01 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). The company had revenue of $52.02 billion during the quarter, compared to analyst estimates of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same quarter last year, the company posted $2.63 EPS. Research analysts forecast that TotalEnergies SE will post 7.77 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 34.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Piper Sandler cut their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

About TotalEnergies

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.