Atomi Financial Group Inc. Reduces Stake in TotalEnergies SE (NYSE:TTE)

Atomi Financial Group Inc. trimmed its stake in TotalEnergies SE (NYSE:TTE) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,891 shares of the company’s stock after selling 6,603 shares during the quarter. Atomi Financial Group Inc.’s holdings in TotalEnergies were worth $539,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC raised its position in shares of TotalEnergies by 70.4% in the third 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 period. Boit C F David bought a new stake in shares of TotalEnergies in the third quarter valued at approximately $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies in the third quarter valued at approximately $32,000. Finally, Eastern Bank bought a new stake in shares of TotalEnergies in the third quarter valued at approximately $32,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler decreased their target price 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. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Scotiabank decreased their target price 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, Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $58.76 on Friday. The company’s fifty day moving average price is $56.90 and its 200-day moving average price is $63.33. The firm has a market capitalization of $138.77 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 2.04 and a beta of 0.61. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. 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 (NYSE:TTE) last issued its quarterly 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). The company had revenue of $52.02 billion during the quarter, compared to the consensus estimate of $57.03 billion. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. During the same period in the previous year, the company earned $2.63 EPS. On average, equities research analysts anticipate that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

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

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.