Clarius Group LLC Acquires 415 Shares of TotalEnergies SE (NYSE:TTE)

Clarius Group LLC grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,707 shares of the company’s stock after buying an additional 415 shares during the quarter. Clarius Group LLC’s holdings in TotalEnergies were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. FSA Wealth Management LLC bought a new position in shares of TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC lifted its position in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Boit C F David purchased a new stake in shares of TotalEnergies during the third quarter valued at $32,000. Maryland Capital Advisors Inc. bought a new position in shares of TotalEnergies in the third quarter worth about $32,000. Finally, Eastern Bank purchased a new position in TotalEnergies in the 3rd quarter worth about $32,000. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TTE shares. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (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. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Piper Sandler lowered their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE stock opened at $59.47 on Monday. The firm has a 50 day moving average of $57.01 and a two-hundred day moving average of $63.55. The stock has a market capitalization of $140.43 billion, a PE ratio of 8.43, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97.

TotalEnergies Cuts Dividend

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

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.