AdvisorNet Financial Inc Reduces Stock Position in TotalEnergies SE (NYSE:TTE)

AdvisorNet Financial Inc trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,870 shares of the company’s stock after selling 846 shares during the quarter. AdvisorNet Financial Inc’s holdings in TotalEnergies were worth $265,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its position in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares during the period. Franklin Resources Inc. raised its holdings in TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares during the period. Raymond James & Associates lifted 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 boosted its stake in TotalEnergies by 4.9% during the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after buying an additional 106,347 shares during the period. Finally, Equity Investment Corp increased its position in TotalEnergies by 2.3% during the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after acquiring an additional 41,564 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 2.4 %

Shares of NYSE TTE opened at $59.06 on Friday. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The firm has a market capitalization of $139.47 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 1.96 and a beta of 0.61. The stock has a 50 day moving average price of $57.12 and a 200 day moving average price of $63.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

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 given a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s payout ratio is 34.75%.

Wall Street Analysts Forecast Growth

TTE has been the subject of several analyst reports. Scotiabank lowered their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. 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, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $72.42.

About TotalEnergies

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.