Phillips Wealth Planners LLC Sells 1,098 Shares of TotalEnergies SE (NYSE:TTE)

Phillips Wealth Planners LLC lessened its stake in TotalEnergies SE (NYSE:TTE) by 12.8% in the fourth quarter, HoldingsChannel reports. The fund owned 7,490 shares of the company’s stock after selling 1,098 shares during the period. Phillips Wealth Planners LLC’s holdings in TotalEnergies were worth $425,000 at the end of the most recent quarter.

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

TotalEnergies Stock Performance

TotalEnergies stock opened at $58.09 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $137.18 billion, a P/E ratio of 8.24, a PEG ratio of 2.04 and a beta of 0.61. The stock’s 50 day moving average is $56.93 and its 200 day moving average is $63.36. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $57.03 billion. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. During the same quarter in the previous year, the company earned $2.63 EPS. On average, equities research analysts predict that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm 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 was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is 34.04%.

Analyst Ratings Changes

TTE has been the topic of a number of research analyst reports. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.