Abel Hall LLC Raises Position in TotalEnergies SE (NYSE:TTE)

Abel Hall LLC boosted its position in TotalEnergies SE (NYSE:TTE) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,939 shares of the company’s stock after purchasing an additional 289 shares during the period. Abel Hall LLC’s holdings in TotalEnergies were worth $513,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its position in shares of 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 last quarter. CWA Asset Management Group LLC bought a new stake in TotalEnergies in the 3rd quarter valued at about $823,000. Equity Investment Corp lifted its holdings 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 purchasing an additional 41,564 shares during the last quarter. FMR LLC boosted its position in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake 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 purchasing an additional 173,810 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TTE. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday. Scotiabank cut their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Five 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Stock Performance

Shares of TTE opened at $56.91 on Monday. TotalEnergies SE has a 12-month low of $56.20 and a 12-month high of $74.97. 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 company has a market cap of $134.39 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61. The stock has a 50-day moving average price of $62.69 and a 200-day moving average price of $66.33.

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 given a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s payout ratio is presently 36.74%.

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.