Foster & Motley Inc. Sells 2,032 Shares of TotalEnergies SE (NYSE:TTE)

Foster & Motley Inc. lessened its stake in shares of TotalEnergies SE (NYSE:TTE) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,615 shares of the company’s stock after selling 2,032 shares during the period. Foster & Motley Inc.’s holdings in TotalEnergies were worth $1,996,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTE. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies during the third quarter worth $26,000. Continuum Advisory LLC grew its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Boit C F David bought a new stake in shares of TotalEnergies in the third quarter worth $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies in the third quarter worth $32,000. Finally, Eastern Bank bought a new stake in shares of TotalEnergies in the third quarter worth $32,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.9 %

TTE opened at $58.68 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. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The firm has a market capitalization of $138.56 billion, a PE ratio of 8.32, a P/E/G ratio of 2.01 and a beta of 0.61. The company’s 50-day moving average is $56.69 and its 200 day moving average is $62.97.

TotalEnergies (NYSE:TTE) last posted 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 analyst estimates of $57.03 billion. During the same quarter in the prior year, the company earned $2.63 EPS. As a group, research analysts predict that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on TTE. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Scotiabank dropped their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Piper Sandler dropped their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, 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 report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

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.