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

Lynch & Associates IN cut its stake in shares of TotalEnergies SE (NYSE:TTE) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,810 shares of the company’s stock after selling 905 shares during the period. Lynch & Associates IN’s holdings in TotalEnergies were worth $1,734,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TTE. Wealth Enhancement Advisory Services LLC raised its position in TotalEnergies by 0.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,035 shares of the company’s stock valued at $2,890,000 after purchasing an additional 457 shares in the last quarter. Fulton Bank N.A. lifted its stake in TotalEnergies by 43.8% in the fourth quarter. Fulton Bank N.A. now owns 47,318 shares of the company’s stock worth $2,579,000 after acquiring an additional 14,415 shares during the last quarter. CWA Asset Management Group LLC increased its position in shares of TotalEnergies by 85.1% in the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock valued at $1,285,000 after purchasing an additional 10,835 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of TotalEnergies in the 4th quarter valued at $45,000. Finally, Logan Capital Management Inc. lifted its position in shares of TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after purchasing an additional 13,331 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TTE shares. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Scotiabank cut their target price 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. Six 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Down 0.1 %

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

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 21st. Investors 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 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.