Annex Advisory Services LLC Raises Stock Holdings in TotalEnergies SE (NYSE:TTE)

Annex Advisory Services LLC raised its stake in TotalEnergies SE (NYSE:TTE) by 3.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 75,737 shares of the company’s stock after purchasing an additional 2,338 shares during the quarter. Annex Advisory Services LLC’s holdings in TotalEnergies were worth $4,128,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Clarius Group LLC lifted its holdings in shares of TotalEnergies by 6.6% in the 4th quarter. Clarius Group LLC now owns 6,707 shares of the company’s stock worth $366,000 after acquiring an additional 415 shares during the last quarter. J2 Capital Management Inc acquired a new position in TotalEnergies during the fourth quarter worth $314,000. HB Wealth Management LLC lifted its stake in TotalEnergies by 50.9% during the fourth quarter. HB Wealth Management LLC now owns 15,481 shares of the company’s stock worth $844,000 after purchasing an additional 5,219 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of TotalEnergies by 16.3% during the fourth quarter. Arkadios Wealth Advisors now owns 9,828 shares of the company’s stock worth $536,000 after buying an additional 1,376 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of TotalEnergies in the fourth quarter valued at $138,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of TTE opened at $59.47 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $57.01 and its 200-day simple moving average is $63.55. The firm has a market capitalization of $140.43 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.96 and a beta of 0.61. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.75%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, Scotiabank dropped their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.