Captrust Financial Advisors Increases Stake in TotalEnergies SE (NYSE:TTE)

Captrust Financial Advisors increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 9.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,717 shares of the company’s stock after buying an additional 4,475 shares during the period. Captrust Financial Advisors’ holdings in TotalEnergies were worth $3,277,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC increased its stake in TotalEnergies by 2.7% during the 3rd 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. Raymond James & Associates increased its position in shares of TotalEnergies by 0.6% in the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after purchasing an additional 13,022 shares during the last quarter. Natixis Advisors LLC increased its position in shares of TotalEnergies by 4.9% in the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after purchasing an additional 106,347 shares during the last quarter. Equity Investment Corp increased its position in shares of TotalEnergies by 2.3% in the 3rd 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 last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of TotalEnergies by 5.1% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 675,170 shares of the company’s stock valued at $45,020,000 after purchasing an additional 33,000 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on TTE shares. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. 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. Finally, Scotiabank lowered their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. 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’s stock. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Stock Down 0.6 %

Shares of NYSE:TTE opened at $56.70 on Thursday. The stock has a market cap of $133.89 billion, a P/E ratio of 8.06, a P/E/G ratio of 1.83 and a beta of 0.61. The firm has a fifty day moving average price of $63.24 and a 200 day moving average price of $66.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 1-year low of $56.20 and a 1-year high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently declared 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 is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 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.