Calamos Advisors LLC Has $20.34 Million Stock Holdings in TechnipFMC plc $FTI

Calamos Advisors LLC increased its position in shares of TechnipFMC plc (NYSE:FTI) by 26.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,229 shares of the oil and gas company’s stock after acquiring an additional 62,190 shares during the quarter. Calamos Advisors LLC’s holdings in TechnipFMC were worth $20,340,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in TechnipFMC in the first quarter worth $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of TechnipFMC during the third quarter worth $32,000. Harbor Investment Advisory LLC acquired a new position in shares of TechnipFMC in the 4th quarter valued at $32,000. Geneos Wealth Management Inc. grew its holdings in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 340 shares during the period. Finally, Ascentis Independent Advisors bought a new stake in shares of TechnipFMC in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FTI shares. Weiss Ratings downgraded TechnipFMC from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Susquehanna decreased their target price on TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Citigroup increased their price target on TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Evercore reiterated an “outperform” rating and set a $83.00 price objective on shares of TechnipFMC in a report on Friday, May 1st. Finally, Piper Sandler lifted their price objective on TechnipFMC from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $74.55 on Wednesday. The company has a fifty day moving average price of $69.24 and a 200 day moving average price of $64.71. The firm has a market cap of $29.72 billion, a PE ratio of 28.46, a PEG ratio of 1.56 and a beta of 0.70. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a 1-year low of $31.88 and a 1-year high of $77.78.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.52 billion. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Research analysts predict that TechnipFMC plc will post 3.01 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is presently 7.63%.

TechnipFMC Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.