Hilltop Holdings Inc. Acquires 1,065 Shares of TotalEnergies SE (NYSE:TTE)

Hilltop Holdings Inc. lifted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 9.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 11,787 shares of the company’s stock after buying an additional 1,065 shares during the quarter. Hilltop Holdings Inc.’s holdings in TotalEnergies were worth $762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in TotalEnergies by 48.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after buying an additional 54,478 shares during the period. CWA Asset Management Group LLC purchased a new stake in TotalEnergies during the 3rd quarter valued at $823,000. Equity Investment Corp boosted its position in TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after buying an additional 41,564 shares during the period. FMR LLC boosted its position in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in TotalEnergies by 316.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock valued at $14,784,000 after buying an additional 173,810 shares during the period. Institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

TTE has been the subject of several analyst reports. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Scotiabank dropped their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Trading Down 0.6 %

Shares of NYSE TTE opened at $56.70 on Thursday. TotalEnergies SE has a 1 year low of $56.20 and a 1 year high of $74.97. The stock has a market cap of $133.89 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 1.83 and a beta of 0.61. The firm has a 50-day moving average of $63.24 and a 200 day moving average of $66.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 21st. Investors 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 dividend payout ratio (DPR) is currently 36.74%.

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.