LRI Investments LLC Decreases Stock Holdings in TotalEnergies SE (NYSE:TTE)

LRI Investments LLC cut its stake in shares of TotalEnergies SE (NYSE:TTEFree Report) by 71.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,130 shares of the company’s stock after selling 2,890 shares during the period. LRI Investments LLC’s holdings in TotalEnergies were worth $68,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised 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 worth $10,815,000 after purchasing an additional 54,478 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of TotalEnergies during the third quarter valued at approximately $823,000. Equity Investment Corp lifted its position in shares of TotalEnergies by 2.3% in the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after acquiring an additional 41,564 shares in the last quarter. FMR LLC boosted its stake in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after acquiring an additional 324,033 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of TotalEnergies by 316.2% during 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. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

TTE opened at $56.76 on Wednesday. The firm has a market cap of $134.04 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.85 and a beta of 0.61. 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 stock’s 50-day moving average price is $62.37 and its 200 day moving average price is $66.14. TotalEnergies SE has a 12-month low of $56.20 and a 12-month high of $74.97.

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 paid a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s payout ratio is currently 34.75%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Scotiabank reduced their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.75.

Check Out Our Latest Stock Analysis on TotalEnergies

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.

Read More

Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE (NYSE:TTEFree Report).

Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

Receive News & Ratings for TotalEnergies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalEnergies and related companies with MarketBeat.com's FREE daily email newsletter.