Advisors Management Group Inc. ADV Boosts Stock Position in TotalEnergies SE (NYSE:TTE)

Advisors Management Group Inc. ADV increased its position in shares of TotalEnergies SE (NYSE:TTE) by 1.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 149,536 shares of the company’s stock after acquiring an additional 1,930 shares during the period. TotalEnergies accounts for about 1.9% of Advisors Management Group Inc. ADV’s holdings, making the stock its 15th largest position. Advisors Management Group Inc. ADV’s holdings in TotalEnergies were worth $8,150,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Richard P Slaughter Associates Inc lifted its holdings in TotalEnergies by 3.3% during the 4th quarter. Richard P Slaughter Associates Inc now owns 25,716 shares of the company’s stock worth $1,402,000 after buying an additional 822 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of TotalEnergies by 22.5% in the fourth quarter. Park Avenue Securities LLC now owns 33,230 shares of the company’s stock valued at $1,811,000 after acquiring an additional 6,114 shares in the last quarter. Marcum Wealth LLC boosted its holdings in TotalEnergies by 9.0% in the fourth quarter. Marcum Wealth LLC now owns 4,321 shares of the company’s stock valued at $235,000 after purchasing an additional 355 shares during the period. Moody National Bank Trust Division acquired a new position in TotalEnergies during the 4th quarter worth $253,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in TotalEnergies by 0.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,035 shares of the company’s stock worth $2,890,000 after purchasing an additional 457 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TTE shares. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank dropped their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $57.86 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The firm’s 50 day moving average is $57.20 and its two-hundred day moving average is $63.77. The firm has a market capitalization of $136.63 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.96 and a beta of 0.61.

TotalEnergies Cuts Dividend

The business 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 currently 34.75%.

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.