Stolper Co Purchases 300 Shares of TotalEnergies SE (NYSE:TTE)

Stolper Co increased its holdings in TotalEnergies SE (NYSE:TTE) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,418 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Stolper Co’s holdings in TotalEnergies were worth $1,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Rhumbline Advisers grew its holdings in TotalEnergies by 2.3% in the second quarter. Rhumbline Advisers now owns 38,893 shares of the company’s stock worth $2,593,000 after purchasing an additional 892 shares during the last quarter. Parallel Advisors LLC boosted its holdings in TotalEnergies by 18.2% in the second quarter. Parallel Advisors LLC now owns 5,780 shares of the company’s stock worth $385,000 after acquiring an additional 892 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new stake in shares of TotalEnergies during the second quarter worth about $220,000. Massachusetts Financial Services Co. MA increased its holdings in shares of TotalEnergies by 5.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 128,166 shares of the company’s stock valued at $8,546,000 after acquiring an additional 6,075 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of TotalEnergies by 4.1% in the 2nd quarter. Moors & Cabot Inc. now owns 35,668 shares of the company’s stock valued at $2,378,000 after purchasing an additional 1,391 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Up 0.5 %

Shares of NYSE TTE opened at $57.86 on Thursday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company 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. The company has a 50 day simple moving average of $57.20 and a 200-day simple moving average of $63.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TTE. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Barclays raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.42.

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.