Baker Ellis Asset Management LLC Sells 1,500 Shares of TotalEnergies SE (NYSE:TTE)

Baker Ellis Asset Management LLC decreased its stake in TotalEnergies SE (NYSE:TTE) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,400 shares of the company’s stock after selling 1,500 shares during the period. Baker Ellis Asset Management LLC’s holdings in TotalEnergies were worth $676,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TTE. Mather Group LLC. boosted its stake in shares of TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after purchasing an additional 145 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of TotalEnergies by 0.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after purchasing an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of TotalEnergies by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after purchasing an additional 169 shares in the last quarter. Tradition Wealth Management LLC boosted its stake in shares of TotalEnergies by 2.5% in the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after purchasing an additional 171 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its stake in shares of TotalEnergies by 2.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock valued at $563,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 1.7 %

NYSE:TTE opened at $58.09 on Thursday. The firm has a market cap of $137.18 billion, a P/E ratio of 8.24, a P/E/G ratio of 2.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The firm has a 50-day simple moving average of $56.93 and a two-hundred day simple moving average of $63.36.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). The firm had revenue of $52.02 billion for the quarter, compared to the consensus estimate of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same quarter in the prior year, the business posted $2.63 earnings per share. Analysts predict that TotalEnergies SE will post 7.77 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is presently 34.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTE. Scotiabank cut their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Morgan Stanley reissued 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. Six 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Company 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.