Wilmington Savings Fund Society FSB Takes $303,000 Position in TotalEnergies SE (NYSE:TTE)

Wilmington Savings Fund Society FSB bought a new stake in TotalEnergies SE (NYSE:TTE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,682 shares of the company’s stock, valued at approximately $303,000.

A number of other large investors also recently modified their holdings of TTE. World Investment Advisors LLC lifted its holdings in TotalEnergies by 51.6% during the third quarter. World Investment Advisors LLC now owns 4,558 shares of the company’s stock worth $295,000 after acquiring an additional 1,552 shares during the period. Anchor Investment Management LLC lifted its holdings in TotalEnergies by 109.3% during the third quarter. Anchor Investment Management LLC now owns 942 shares of the company’s stock worth $61,000 after acquiring an additional 492 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in TotalEnergies by 7.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 725,470 shares of the company’s stock worth $46,879,000 after acquiring an additional 50,300 shares during the period. Coldstream Capital Management Inc. lifted its holdings in TotalEnergies by 16.5% during the third quarter. Coldstream Capital Management Inc. now owns 5,317 shares of the company’s stock worth $344,000 after acquiring an additional 753 shares during the period. Finally, Abel Hall LLC lifted its holdings in TotalEnergies by 3.8% during the third quarter. Abel Hall LLC now owns 7,939 shares of the company’s stock worth $513,000 after acquiring an additional 289 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $54.25 on Wednesday. The stock has a market cap of $128.11 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. TotalEnergies SE has a fifty-two week low of $53.92 and a fifty-two week high of $74.97. 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 stock has a fifty day moving average of $61.08 and a 200-day moving average of $65.56.

TotalEnergies Cuts Dividend

The business also recently declared 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 (DPR) is presently 34.75%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TTE. Scotiabank dropped their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.75.

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.