TotalEnergies SE (NYSE:TTE) Shares Purchased by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV increased its position in shares of TotalEnergies SE (NYSE:TTE) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,536 shares of the company’s stock after purchasing an additional 1,930 shares during the quarter. TotalEnergies makes up approximately 1.9% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 15th largest position. Advisors Management Group Inc. ADV’s holdings in TotalEnergies were worth $8,150,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies during the third quarter worth $26,000. Continuum Advisory LLC boosted its position in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Boit C F David purchased a new stake in TotalEnergies during the 3rd quarter valued at about $32,000. Maryland Capital Advisors Inc. purchased a new stake in TotalEnergies during the 3rd quarter valued at about $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies in the 3rd quarter valued at about $32,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTE has been the topic of several recent research reports. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler reduced their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

NYSE TTE opened at $57.86 on Thursday. The stock has a fifty day simple moving average of $57.20 and a 200-day simple moving average of $63.77. 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 stock has a market cap of $136.63 billion, a PE ratio of 8.21, a P/E/G 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 business also recently announced a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 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.