Anchor Investment Management LLC Grows Stock Holdings in TotalEnergies SE (NYSE:TTE)

Anchor Investment Management LLC lifted its position in TotalEnergies SE (NYSE:TTE) by 109.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 942 shares of the company’s stock after buying an additional 492 shares during the period. Anchor Investment Management LLC’s holdings in TotalEnergies were worth $61,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mather Group LLC. grew its position in TotalEnergies by 12.4% during the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after purchasing an additional 145 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after buying an additional 165 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after buying an additional 169 shares during the last quarter. Tradition Wealth Management LLC increased its position in shares of TotalEnergies by 2.5% in the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after acquiring an additional 171 shares during the period. Finally, Lake Street Advisors Group LLC raised its stake in TotalEnergies by 2.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of several research analyst reports. Scotiabank dropped their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Five equities 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $55.94 on Friday. 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 capitalization of $132.10 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 1.93 and a beta of 0.61. The firm’s 50 day simple moving average is $61.67 and its 200-day simple moving average is $65.85. TotalEnergies SE has a 12 month low of $55.71 and a 12 month high of $74.97.

TotalEnergies Cuts Dividend

The company 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 is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 36.74%.

TotalEnergies Company Profile

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.