Albert D Mason Inc. Purchases 352 Shares of TotalEnergies SE (NYSE:TTE)

Albert D Mason Inc. boosted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,232 shares of the company’s stock after purchasing an additional 352 shares during the period. Albert D Mason Inc.’s holdings in TotalEnergies were worth $1,103,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CWA Asset Management Group LLC bought a new stake in shares of TotalEnergies during the 3rd quarter worth $823,000. Crossmark Global Holdings Inc. raised its stake in TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after acquiring an additional 54,478 shares in the last quarter. Logan Capital Management Inc. lifted its holdings in shares of TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after acquiring an additional 13,331 shares during the last quarter. FMR LLC boosted its stake in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares in the last quarter. Finally, Equity Investment Corp grew its holdings in shares of TotalEnergies by 2.3% during 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. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the subject of several research reports. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Piper Sandler lowered their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Scotiabank dropped their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Trading Up 0.8 %

Shares of TTE stock opened at $59.47 on Friday. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a market cap of $140.43 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.96 and a beta of 0.61. The stock has a 50-day moving average of $57.01 and a 200-day moving average of $63.63.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders 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 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.