Charles Schwab Investment Management Inc. Has $8.83 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Charles Schwab Investment Management Inc. boosted its position in shares of TotalEnergies SE (NYSE:TTE) by 26.8% in the third quarter, Holdings Channel.com reports. The firm owned 136,638 shares of the company’s stock after purchasing an additional 28,857 shares during the period. Charles Schwab Investment Management Inc.’s holdings in TotalEnergies were worth $8,830,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after purchasing an additional 54,478 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in TotalEnergies during the third quarter valued at $823,000. Equity Investment Corp lifted its position in shares of TotalEnergies by 2.3% in the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after buying an additional 41,564 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of TotalEnergies by 316.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock worth $14,784,000 after buying an additional 173,810 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of TotalEnergies in the second quarter worth about $2,043,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of analyst reports. UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Scotiabank reduced their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Five 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. Based on data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Trading Down 1.5 %

TotalEnergies stock opened at $56.76 on Wednesday. TotalEnergies SE has a 52 week low of $56.20 and a 52 week high of $74.97. 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 firm has a market capitalization of $134.04 billion, a PE ratio of 8.05, a PEG ratio of 1.85 and a beta of 0.61. The business’s 50-day simple moving average is $62.37 and its 200-day simple moving average is $66.14.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend 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.