TotalEnergies SE (NYSE:TTE) Shares Sold by Lynch & Associates IN

Lynch & Associates IN decreased its stake in TotalEnergies SE (NYSE:TTE) by 2.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 31,810 shares of the company’s stock after selling 905 shares during the quarter. Lynch & Associates IN’s holdings in TotalEnergies were worth $1,734,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Rhumbline Advisers raised its position in shares of TotalEnergies by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 38,893 shares of the company’s stock valued at $2,593,000 after purchasing an additional 892 shares in the last quarter. Private Advisor Group LLC boosted its stake in TotalEnergies by 12.0% during the 2nd quarter. Private Advisor Group LLC now owns 34,863 shares of the company’s stock valued at $2,325,000 after acquiring an additional 3,728 shares during the last quarter. PFG Investments LLC grew its holdings in TotalEnergies by 6.1% during the 2nd quarter. PFG Investments LLC now owns 3,740 shares of the company’s stock worth $249,000 after acquiring an additional 214 shares in the last quarter. Choreo LLC increased its position in shares of TotalEnergies by 189.3% in the 2nd quarter. Choreo LLC now owns 23,365 shares of the company’s stock worth $1,597,000 after purchasing an additional 15,288 shares during the last quarter. Finally, BOKF NA raised its stake in shares of TotalEnergies by 1,176.7% in the 2nd quarter. BOKF NA now owns 22,342 shares of the company’s stock valued at $1,490,000 after purchasing an additional 20,592 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.1 %

Shares of TTE traded down $0.04 during mid-day trading on Friday, reaching $56.75. The company’s stock had a trading volume of 1,797,817 shares, compared to its average volume of 1,828,284. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The company has a market cap of $134.01 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. The business has a fifty day moving average of $57.55 and a 200 day moving average of $64.02.

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 paid a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.75%.

Wall Street Analysts Forecast Growth

TTE has been the topic of several research reports. Scotiabank dropped their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Morgan Stanley reissued 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. Finally, TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Six equities research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.42.

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.