Procyon Advisors LLC Sells 3,926 Shares of TotalEnergies SE (NYSE:TTE)

Procyon Advisors LLC reduced its holdings in shares of TotalEnergies SE (NYSE:TTE) by 22.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,499 shares of the company’s stock after selling 3,926 shares during the quarter. Procyon Advisors LLC’s holdings in TotalEnergies were worth $910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in TotalEnergies during the 1st quarter valued at $98,000. Panagora Asset Management Inc. acquired a new stake in TotalEnergies during the 1st quarter valued at $339,000. BlackRock Inc. lifted its holdings in TotalEnergies by 6.8% during the 1st quarter. BlackRock Inc. now owns 809,130 shares of the company’s stock valued at $40,893,000 after purchasing an additional 51,468 shares during the last quarter. Sei Investments Co. lifted its holdings in TotalEnergies by 2.8% during the 1st quarter. Sei Investments Co. now owns 438,146 shares of the company’s stock valued at $22,140,000 after purchasing an additional 11,884 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in TotalEnergies by 18.3% during the 1st quarter. Cetera Investment Advisers now owns 70,526 shares of the company’s stock valued at $3,564,000 after purchasing an additional 10,931 shares during the last quarter. 13.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TTE shares. Jefferies Financial Group downgraded TotalEnergies from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Piper Sandler dropped their price target on TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.33.

TotalEnergies Price Performance

TotalEnergies stock traded up $0.06 during midday trading on Thursday, reaching $68.48. The company’s stock had a trading volume of 97,035 shares, compared to its average volume of 1,773,397. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $69.63. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $65.37 and a 200-day moving average price of $66.12. The stock has a market cap of $161.05 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 1.63 and a beta of 0.71.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). The firm had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same period in the prior year, the company earned $2.97 EPS. On average, sell-side analysts predict that TotalEnergies SE will post 9.29 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.597 per share. This represents a $2.39 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, March 18th. TotalEnergies’s payout ratio is 27.45%.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.