Benjamin Edwards Inc. Increases Stock Holdings in TotalEnergies SE (NYSE:TTE)

Benjamin Edwards Inc. increased its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 506.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,890 shares of the company's stock after acquiring an additional 25,798 shares during the quarter. Benjamin Edwards Inc.'s holdings in TotalEnergies were worth $1,997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. Mather Group LLC. grew its holdings in shares of TotalEnergies by 12.4% during the third quarter. Mather Group LLC. now owns 1,312 shares of the company's stock worth $85,000 after buying an additional 145 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of TotalEnergies by 5.1% during the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company's stock worth $227,000 after buying an additional 164 shares in the last quarter. Venturi Wealth Management LLC grew its holdings 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 in the last quarter. Tradition Wealth Management LLC grew its holdings in shares of TotalEnergies by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company's stock worth $460,000 after buying an additional 171 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in shares of TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company's stock worth $563,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TTE. Barclays raised shares of TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. The Goldman Sachs Group raised shares of TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday. TD Cowen cut shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 30th. Finally, BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Five 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 stock has a consensus rating of "Moderate Buy" and an average price target of $78.75.

TotalEnergies Stock Down 1.0 %

Shares of TTE stock traded down $0.60 during trading hours on Friday, reaching $56.85. 1,233,378 shares of the stock were exchanged, compared to its average volume of 1,520,337. The business's fifty day moving average is $62.88 and its two-hundred day moving average is $66.51. 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 12-month low of $56.20 and a 12-month high of $74.97. The firm has a market capitalization of $134.25 billion, a P/E ratio of 8.15, a P/E/G ratio of 1.85 and a beta of 0.61.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a $0.8308 dividend. The ex-dividend date of this dividend 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.