Berkshire Asset Management LLC PA Buys Shares of 6,233 TotalEnergies SE (NYSE:TTE)

Berkshire Asset Management LLC PA bought a new stake in TotalEnergies SE (NYSE:TTE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,233 shares of the company’s stock, valued at approximately $416,000.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC lifted its stake in TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after buying an additional 361,923 shares during the period. FMR LLC grew its position in shares of TotalEnergies by 2.7% in the 3rd 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. DRW Securities LLC increased its stake in TotalEnergies by 134.5% during the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after purchasing an additional 250,427 shares in the last quarter. Generate Investment Management Ltd bought a new position in TotalEnergies in the second quarter valued at approximately $13,306,000. Finally, Mediolanum International Funds Ltd bought a new stake in shares of TotalEnergies during the third quarter worth $11,504,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of several research reports. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Scotiabank decreased their price objective 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. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Price Performance

NYSE:TTE opened at $57.99 on Monday. The stock’s 50-day simple moving average is $63.73 and its 200 day simple moving average is $66.91. TotalEnergies SE has a 52-week low of $56.69 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 company has a market cap of $136.94 billion, a P/E ratio of 8.23, a P/E/G ratio of 1.88 and a beta of 0.64.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.75%.

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.