Recurrent Investment Advisors LLC Trims Position in TotalEnergies SE (NYSE:TTE)

Recurrent Investment Advisors LLC cut its position in TotalEnergies SE (NYSE:TTE) by 6.4% in the third quarter, HoldingsChannel.com reports. The firm owned 15,445 shares of the company’s stock after selling 1,057 shares during the quarter. Recurrent Investment Advisors LLC’s holdings in TotalEnergies were worth $998,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTE. Mather Group LLC. increased its stake in shares of TotalEnergies by 44.1% in the second quarter. Mather Group LLC. now owns 1,167 shares of the company’s stock worth $80,000 after purchasing an additional 357 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in TotalEnergies by 44.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 5,226 shares of the company’s stock valued at $348,000 after acquiring an additional 1,619 shares in the last quarter. Park Avenue Securities LLC grew its stake in TotalEnergies by 1.1% during the second quarter. Park Avenue Securities LLC now owns 34,051 shares of the company’s stock valued at $2,271,000 after acquiring an additional 360 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in TotalEnergies by 19.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 4,079 shares of the company’s stock valued at $272,000 after acquiring an additional 674 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in TotalEnergies by 5.6% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,662 shares of the company’s stock valued at $244,000 after acquiring an additional 194 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

TTE stock opened at $56.70 on Thursday. TotalEnergies SE has a 12 month low of $56.20 and a 12 month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $63.24 and a 200 day moving average price of $66.64. The stock has a market cap of $133.89 billion, a PE ratio of 8.04, a P/E/G ratio of 1.85 and a beta of 0.61.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 36.74%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Scotiabank reduced their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

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.