TotalEnergies SE (NYSE:TTE) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC lessened its holdings in shares of TotalEnergies SE (NYSE:TTE) by 25.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,622 shares of the company’s stock after selling 1,925 shares during the quarter. Everpar Advisors LLC’s holdings in TotalEnergies were worth $306,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TTE. FMR LLC lifted its position in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares during the period. Franklin Resources Inc. lifted its holdings in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after acquiring an additional 1,546,866 shares during the period. Raymond James & Associates lifted its holdings in shares of TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock worth $149,924,000 after acquiring an additional 13,022 shares during the period. Natixis Advisors LLC boosted its position in shares of TotalEnergies by 4.9% in the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after acquiring an additional 106,347 shares during the last quarter. Finally, Equity Investment Corp grew its holdings in 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 purchasing an additional 41,564 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Up 2.4 %

Shares of TTE opened at $59.06 on Friday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock’s 50-day moving average is $57.04 and its two-hundred day moving average is $63.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market cap of $139.47 billion, a PE ratio of 8.38, a P/E/G ratio of 1.96 and a beta of 0.61.

TotalEnergies Cuts Dividend

The business also recently declared 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%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TTE. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Piper Sandler lowered their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

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.