ZWJ Investment Counsel Inc. Trims Stock Holdings in TotalEnergies SE (NYSE:TTE)

ZWJ Investment Counsel Inc. reduced its stake in shares of TotalEnergies SE (NYSE:TTEFree Report) by 5.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 88,764 shares of the company’s stock after selling 5,451 shares during the period. ZWJ Investment Counsel Inc.’s holdings in TotalEnergies were worth $4,838,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TTE. Piper Sandler cut their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Scotiabank cut their price objective 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. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.42.

Check Out Our Latest Stock Report on TotalEnergies

TotalEnergies Stock Performance

NYSE TTE opened at $59.47 on Tuesday. 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 SE has a 1-year low of $53.29 and a 1-year high of $74.97. The business has a 50 day simple moving average of $56.98 and a two-hundred day simple moving average of $63.48. The stock has a market capitalization of $140.43 billion, a PE ratio of 8.43, a P/E/G ratio of 2.12 and a beta of 0.61.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.04%.

About TotalEnergies

(Free Report)

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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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