Essex Financial Services Inc. Has $432,000 Holdings in TotalEnergies SE (NYSE:TTE)

Essex Financial Services Inc. trimmed its position in shares of TotalEnergies SE (NYSE:TTE) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,930 shares of the company’s stock after selling 820 shares during the quarter. Essex Financial Services Inc.’s holdings in TotalEnergies were worth $432,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC grew its holdings in shares of 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 last quarter. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies during the third quarter worth about $32,000. Eastern Bank acquired a new stake in shares of TotalEnergies in the 3rd quarter worth about $32,000. Finally, HHM Wealth Advisors LLC lifted its position in TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Down 0.2 %

Shares of NYSE:TTE opened at $60.90 on Thursday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company has a market capitalization of $143.81 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The business has a fifty day moving average price of $57.11 and a two-hundred day moving average price of $62.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Analysts forecast that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 36.79%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TTE shares. Piper Sandler decreased their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.