Logan Capital Management Inc. Buys 13,331 Shares of TotalEnergies SE (NYSE:TTE)

Logan Capital Management Inc. increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 22.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,757 shares of the company’s stock after buying an additional 13,331 shares during the period. Logan Capital Management Inc.’s holdings in TotalEnergies were worth $4,637,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TTE. FMR LLC increased its stake in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Franklin Resources Inc. grew its holdings in TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after purchasing an additional 1,546,866 shares during the period. Raymond James & Associates increased its position in TotalEnergies by 0.6% in the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock worth $149,924,000 after buying an additional 13,022 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of TotalEnergies by 4.9% in the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after buying an additional 106,347 shares during the period. Finally, Equity Investment Corp lifted its position in shares of TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after buying an additional 41,564 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TTE shares. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank dropped their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Trading Down 0.0 %

Shares of TotalEnergies stock opened at $55.95 on Friday. The company’s 50-day moving average price is $61.67 and its 200-day moving average price is $65.89. The company has a market cap of $132.12 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.96 and a beta of 0.61. TotalEnergies SE has a 12-month low of $55.71 and a 12-month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39.

TotalEnergies Cuts Dividend

The company also recently declared 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 currently 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.