Logan Capital Management Inc. Increases Stock Position in TotalEnergies SE (NYSE:TTE)

Logan Capital Management Inc. boosted its stake in TotalEnergies SE (NYSE:TTE) by 22.8% during the third quarter, HoldingsChannel reports. The firm owned 71,757 shares of the company’s stock after buying an additional 13,331 shares during the period. Logan Capital Management Inc.’s holdings in TotalEnergies were worth $4,637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after acquiring an additional 1,546,866 shares during the last quarter. Synovus Financial Corp raised its position in TotalEnergies by 10.8% during the third quarter. Synovus Financial Corp now owns 92,252 shares of the company’s stock valued at $5,961,000 after purchasing an additional 8,962 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of TotalEnergies by 5.2% in the 3rd quarter. Tidal Investments LLC now owns 62,692 shares of the company’s stock worth $4,051,000 after purchasing an additional 3,112 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of TotalEnergies during the 3rd quarter valued at about $303,000. Finally, World Investment Advisors LLC increased its position in shares of TotalEnergies by 51.6% during the 3rd quarter. World Investment Advisors LLC now owns 4,558 shares of the company’s stock valued at $295,000 after purchasing an additional 1,552 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.0 %

NYSE TTE opened at $55.95 on Friday. TotalEnergies SE has a 1 year low of $55.71 and a 1 year high of $74.97. The stock has a market capitalization of $132.12 billion, a PE ratio of 7.94, a PEG ratio of 1.96 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The business’s 50-day moving average is $61.67 and its 200 day moving average is $65.89.

TotalEnergies Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on TTE. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. 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. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.