Avior Wealth Management LLC Cuts Stock Holdings in TotalEnergies SE (NYSE:TTE)

Avior Wealth Management LLC decreased its position in shares of TotalEnergies SE (NYSE:TTE) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,509 shares of the company’s stock after selling 554 shares during the quarter. Avior Wealth Management LLC’s holdings in TotalEnergies were worth $137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TTE. CWA Asset Management Group LLC purchased a new stake in TotalEnergies in the third quarter worth approximately $823,000. Crossmark Global Holdings Inc. boosted its holdings in TotalEnergies by 48.3% in the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after purchasing an additional 54,478 shares during the last quarter. Logan Capital Management Inc. boosted its holdings in TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after purchasing an additional 13,331 shares during the last quarter. FMR LLC boosted its holdings in TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Finally, Equity Investment Corp boosted its holdings in TotalEnergies by 2.3% in the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after purchasing an additional 41,564 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TTE. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

TTE opened at $58.27 on Wednesday. The stock has a market capitalization of $137.59 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 2.01 and a beta of 0.61. The company has a fifty day moving average of $56.76 and a 200 day moving average of $63.04. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.10). The company had revenue of $52.02 billion for the quarter, compared to analysts’ expectations of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same period in the previous year, the business posted $2.63 earnings per share. As a group, sell-side analysts forecast that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

TotalEnergies Company 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.