Baker Ellis Asset Management LLC Has $676,000 Stock Holdings in TotalEnergies SE (NYSE:TTE)

Baker Ellis Asset Management LLC decreased its position in shares of TotalEnergies SE (NYSE:TTE) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Mather Group LLC. boosted its position in TotalEnergies by 12.4% in the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after buying an additional 145 shares in the last quarter. Venturi Wealth Management LLC raised its stake in TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after buying an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after buying an additional 169 shares during the last quarter. Tradition Wealth Management LLC increased its stake in TotalEnergies by 2.5% in the third 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 increased its stake in TotalEnergies by 2.2% in the third 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 and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

NYSE TTE opened at $58.09 on Thursday. The company’s 50 day moving average is $56.93 and its 200-day moving average is $63.36. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. 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 firm has a market cap of $137.18 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61.

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

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 21st. Investors 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 dividend payout ratio (DPR) is presently 34.04%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTE. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley reiterated 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. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six 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. According to MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

About TotalEnergies

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.