Cyndeo Wealth Partners LLC Sells 17,505 Shares of TotalEnergies SE (NYSE:TTE)

Cyndeo Wealth Partners LLC lowered its position in TotalEnergies SE (NYSE:TTE) by 33.5% during the 4th quarter, Holdings Channel reports. The firm owned 34,690 shares of the company’s stock after selling 17,505 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in TotalEnergies were worth $1,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTE. FSA Wealth Management LLC bought a new stake in TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC raised its stake in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Boit C F David purchased a new position in TotalEnergies in the 3rd quarter worth $32,000. Maryland Capital Advisors Inc. purchased a new position in TotalEnergies in the 3rd quarter worth $32,000. Finally, Eastern Bank purchased a new position in shares of TotalEnergies during the 3rd quarter valued at about $32,000. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. 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 equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 0.0 %

TTE opened at $58.78 on Friday. 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 company’s 50 day simple moving average is $56.86 and its two-hundred day simple moving average is $63.22. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The firm has a market capitalization of $138.79 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last released its earnings results on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The business had revenue of $52.02 billion during the quarter, compared to analysts’ expectations of $57.03 billion. During the same period last year, the business earned $2.63 earnings per share. Analysts expect that TotalEnergies SE will post 7.77 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

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

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.