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

Annex Advisory Services LLC boosted its position in shares of TotalEnergies SE (NYSE:TTE) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 75,737 shares of the company’s stock after acquiring 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 reporting period.

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

TotalEnergies Stock Up 0.8 %

TTE stock opened at $59.47 on Monday. The stock has a market capitalization of $140.43 billion, a P/E ratio of 8.43, a P/E/G ratio of 1.96 and a beta of 0.61. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The firm has a 50-day simple moving average of $57.01 and a 200-day simple moving average of $63.55. 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 Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.75%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.42.

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.