Atria Wealth Solutions Inc. Invests $466,000 in TechnipFMC plc (NYSE:FTI)

Atria Wealth Solutions Inc. bought a new stake in TechnipFMC plc (NYSE:FTI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,112 shares of the oil and gas company’s stock, valued at approximately $466,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in shares of TechnipFMC during the 4th quarter worth approximately $104,000. Truist Financial Corp lifted its stake in TechnipFMC by 414.2% during the fourth quarter. Truist Financial Corp now owns 38,308 shares of the oil and gas company’s stock worth $1,109,000 after purchasing an additional 30,858 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of TechnipFMC during the fourth quarter worth about $201,000. V Square Quantitative Management LLC raised its position in TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 563 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of TechnipFMC in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FTI shares. Evercore ISI boosted their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Citigroup raised their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. The Goldman Sachs Group started coverage on shares of TechnipFMC in a research note on Friday, December 13th. They issued a “buy” rating and a $38.00 target price on the stock. TD Cowen restated a “buy” rating and set a $37.00 target price on shares of TechnipFMC in a research note on Wednesday, November 27th. Finally, StockNews.com raised TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $36.15.

TechnipFMC Stock Up 3.0 %

NYSE:FTI opened at $28.72 on Friday. TechnipFMC plc has a 1 year low of $21.36 and a 1 year high of $33.45. The stock has a 50-day moving average price of $30.60 and a two-hundred day moving average price of $28.56. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 18.89 and a beta of 1.52. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC’s dividend payout ratio is currently 13.16%.

TechnipFMC Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.