Wellington Management Group LLP Has $529.51 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Wellington Management Group LLP decreased its position in shares of TotalEnergies SE (NYSE:TTE) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,194,267 shares of the company’s stock after selling 141,571 shares during the quarter. Wellington Management Group LLP’s holdings in TotalEnergies were worth $529,514,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TTE. FSA Wealth Management LLC bought a new position in shares of TotalEnergies during the third quarter worth $26,000. Larson Financial Group LLC lifted its holdings in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. Boit C F David acquired a new position in shares of TotalEnergies during the third quarter worth about $32,000. Maryland Capital Advisors Inc. bought a new position in shares of TotalEnergies during the third quarter worth about $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies in the 3rd quarter valued at approximately $32,000. Institutional investors own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the subject of several research reports. Scotiabank decreased their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Five 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 company. Based on data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $56.91 on Friday. The company has a market cap of $134.39 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.84 and a beta of 0.61. The business’s 50 day moving average price is $62.88 and its two-hundred day moving average price is $66.51. TotalEnergies SE has a twelve month low of $56.20 and a twelve month high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

TotalEnergies Cuts Dividend

The business also recently disclosed 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 dividend payout ratio (DPR) is presently 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.