TotalEnergies SE (NYSE:TTE) Shares Purchased by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc raised its position in TotalEnergies SE (NYSE:TTE) by 3.3% in the 4th quarter, Holdings Channel reports. The fund owned 25,716 shares of the company’s stock after purchasing an additional 822 shares during the period. Richard P Slaughter Associates Inc’s holdings in TotalEnergies were worth $1,402,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TTE. Rhumbline Advisers increased its stake in TotalEnergies by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 38,893 shares of the company’s stock worth $2,593,000 after buying an additional 892 shares during the period. Parallel Advisors LLC grew its stake in shares of TotalEnergies by 18.2% during the second quarter. Parallel Advisors LLC now owns 5,780 shares of the company’s stock valued at $385,000 after acquiring an additional 892 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new stake in shares of TotalEnergies during the second quarter worth about $220,000. William Blair Investment Management LLC increased its position in shares of TotalEnergies by 20.2% during the second quarter. William Blair Investment Management LLC now owns 34,200 shares of the company’s stock worth $2,280,000 after acquiring an additional 5,756 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of TotalEnergies by 5.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 128,166 shares of the company’s stock worth $8,546,000 after acquiring an additional 6,075 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TTE shares. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Scotiabank decreased their price objective 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. Finally, Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Up 1.4 %

Shares of NYSE:TTE opened at $57.60 on Wednesday. The company’s fifty day moving average is $57.20 and its two-hundred day moving average is $63.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The stock has a market capitalization of $136.02 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.75%.

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.