Synovus Financial Corp Increases Stake in TotalEnergies SE (NYSE:TTE)

Synovus Financial Corp raised its position in shares of TotalEnergies SE (NYSE:TTE) by 10.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,252 shares of the company’s stock after purchasing an additional 8,962 shares during the quarter. Synovus Financial Corp’s holdings in TotalEnergies were worth $5,961,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TTE. Wealth Enhancement Advisory Services LLC raised its holdings in TotalEnergies by 16.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,406 shares of the company’s stock worth $2,094,000 after acquiring an additional 4,504 shares during the last quarter. Blue Trust Inc. raised its stake in shares of TotalEnergies by 88.7% in the second quarter. Blue Trust Inc. now owns 8,209 shares of the company’s stock worth $565,000 after purchasing an additional 3,859 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in shares of TotalEnergies during the second quarter valued at $74,000. Aaron Wealth Advisors LLC lifted its holdings in shares of TotalEnergies by 12.9% during the second quarter. Aaron Wealth Advisors LLC now owns 8,909 shares of the company’s stock valued at $594,000 after purchasing an additional 1,017 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of TotalEnergies during the second quarter valued at $354,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 0.0 %

TTE opened at $55.95 on Friday. TotalEnergies SE has a 1-year low of $55.71 and a 1-year high of $74.97. The firm’s 50 day simple moving average is $61.67 and its two-hundred day simple moving average is $65.89. 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 capitalization of $132.12 billion, a PE ratio of 7.94, a PEG ratio of 1.96 and a beta of 0.61.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.75%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TTE shares. Scotiabank decreased their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

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.