Legacy Wealth Asset Management LLC Sells 2,553 Shares of TotalEnergies SE (NYSE:TTE)

Legacy Wealth Asset Management LLC lessened its stake in TotalEnergies SE (NYSE:TTE) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,920 shares of the company’s stock after selling 2,553 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in TotalEnergies were worth $1,685,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FSA Wealth Management LLC bought a new position in TotalEnergies during the third quarter worth about $26,000. Continuum Advisory LLC lifted its position in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the last quarter. Boit C F David bought a new position in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, Eastern Bank bought a new stake in TotalEnergies in the 3rd quarter valued at $32,000. 16.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TTE. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Scotiabank lowered their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Six equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

NYSE TTE opened at $59.06 on Friday. The firm has a 50-day moving average price of $57.12 and a two-hundred day moving average price of $63.73. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The company has a market capitalization of $139.47 billion, a P/E ratio of 8.38, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

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 paid a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is currently 34.75%.

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.