MML Investors Services LLC Purchases 189 Shares of TotalEnergies SE (NYSE:TTE)

MML Investors Services LLC grew its holdings in TotalEnergies SE (NYSE:TTE) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,529 shares of the company’s stock after acquiring an additional 189 shares during the period. MML Investors Services LLC’s holdings in TotalEnergies were worth $9,986,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies during the third quarter worth about $26,000. Larson Financial Group LLC lifted its holdings in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after buying an additional 212 shares in the last quarter. Boit C F David bought a new position in shares of TotalEnergies during the third quarter worth $32,000. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies in the 3rd quarter valued at $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies in the 3rd quarter worth $32,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTE has been the topic of several research reports. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Scotiabank lowered their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Stock Performance

TTE stock opened at $56.76 on Wednesday. TotalEnergies SE has a one year low of $56.20 and a one year high of $74.97. The firm has a market cap of $134.04 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.85 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a 50-day simple moving average of $62.37 and a two-hundred day simple moving average of $66.14.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 34.75%.

TotalEnergies Company 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.