On June 20, 2023, BTC Capital Management Inc., a prominent institutional investor in the US, announced that it had reduced its holdings in TotalEnergies SE by 8.8%. According to recent disclosures made with the Securities and Exchange Commission (SEC), BTC Capital Management Inc. now owns 27,955 shares of TotalEnergies stock, down from 30,660 shares previously held.
The sale has resulted in a decrease in the total value of TotalEnergies shares held by BTC Capital Management Inc. The firm’s holdings are now worth $1,636,000 as of its most recent filing with SEC.
This news comes after TotalEnergies released its earnings report on April 27th. For the quarter ending March 31st, 2023, the company reported earnings per share (EPS) of $2.61, beating analysts’ consensus estimates of $2.43 by $0.18.
Research analysts have predicted that TotalEnergies SE will post EPS of 10.71 for the current fiscal year.
TotalEnergies is engaged in exploration and production activities related to fuels, natural gas and low carbon electricity. The company operates through four key business segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals and Marketing & Services.
Despite BTC Capital Management’s partial divestment from TotalEnergies SE stock holdings, analysts remain cautiously optimistic about the future prospects of this energy major. With numerous active exploration projects and investments in renewables technologies such as solar and wind power, TotalEnergies has continued to demonstrate its commitment to long-term sustainability goals while remaining profitable for its shareholders.
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Investment Strategies Amid Inflation Concerns: TotalEnergies SE’s Stock Fluctuation and Investors’ Positions
TotalEnergies SE, a global energy company engaged in the exploration and production of fuels, natural gas, and low-carbon electricity, has experienced changes in the positions held by large investors. This follows a trend that appears to be redefining investment strategies amid concerns of higher inflation. Martin Capital Partners LLC grew its holdings in shares of TotalEnergies by 1.4% in the first quarter. Similarly, Kovack Advisors Inc increased its holding by 19% in Q4 2022.
Northwestern Mutual Wealth Management Co., on the other hand, had an increase in its position by 8.2%, while Truist Financial Corp lifted its holdings in TotalEnergies by 6.9%. Axxcess Wealth Management LLC also made moves to buy shares worth $290k last year.
TotalEnergies has seen a fluctuation of stock prices since it opened at $58.04 on Tuesday — high trading activity has been observed over the past year with gains and losses within days or weeks attributed to uncertainty from the pandemic crisis and inflation concerns.
The company operates through four business segments, including Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals and Marketing & Services. It is continuously expanding its presence beyond traditional energy sources into renewable production.
Investors are expected to receive dividends from their shares as TotalEnergies declared payment that will be made on Monday, July 17th. Investors who were registered on June 20th will receive a dividend yield of 4.03%. There has been notable growth in payout ratio after it was increased from $0.54 to $0.585 per share.
Analysts have assessed the firm’s prospects based on recent price changes associated with emerging social trends aimed at alternative fuel sources for oil companies like TotalEnergies SE as well as internal restructuring plans designed to bolster market share.
With regards to this, Morgan Stanley upgraded the company from an “equal weight” rating, to an “overweight” rating in a research report completed in March 2023. Meanwhile, Piper Sandler reduced its price objective for the company’s shares from $68.00 to $64.00 on June 13th.
Overall, Bloomberg.com suggest the company presently has an average rating of “Moderate Buy” with a general consensus indicating that it is on track to deliver low-carbon electricity and achieve sustainable energy production globally.