FSM Wealth Advisors LLC Boosts Holdings in TotalEnergies SE (NYSE:TTE)

FSM Wealth Advisors LLC grew its stake in TotalEnergies SE (NYSE:TTE) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,635 shares of the company’s stock after buying an additional 187 shares during the period. FSM Wealth Advisors LLC’s holdings in TotalEnergies were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTE. FSA Wealth Management LLC acquired a new stake in shares of TotalEnergies in the third quarter worth $26,000. Continuum Advisory LLC grew its position in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the period. Boit C F David acquired a new stake in TotalEnergies during the third quarter valued at $32,000. Maryland Capital Advisors Inc. acquired a new stake in TotalEnergies during the third quarter valued at $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies during the third quarter valued at $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

NYSE:TTE opened at $58.01 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $56.65 and its 200-day moving average price is $62.82. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a market cap of $136.98 billion, a P/E ratio of 8.23, a P/E/G ratio of 2.02 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last issued its 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). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The firm had revenue of $52.02 billion for the quarter, compared to analysts’ expectations of $57.03 billion. During the same period last year, the firm earned $2.63 earnings per share. On average, sell-side analysts forecast that TotalEnergies SE will post 7.73 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley restated an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Piper Sandler decreased 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. Scotiabank decreased 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. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.