Empirical Asset Management LLC Purchases New Stake in TotalEnergies SE (NYSE:TTE)

Empirical Asset Management LLC bought a new position in TotalEnergies SE (NYSE:TTE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 68,626 shares of the company's stock, valued at approximately $3,740,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cohen Investment Advisors LLC boosted its position in TotalEnergies by 3.9% in the 4th quarter. Cohen Investment Advisors LLC now owns 7,185 shares of the company's stock worth $392,000 after purchasing an additional 269 shares in the last quarter. Stolper Co boosted its holdings in TotalEnergies by 1.1% during the fourth quarter. Stolper Co now owns 28,418 shares of the company's stock worth $1,549,000 after buying an additional 300 shares in the last quarter. Advisors Management Group Inc. ADV grew its position in TotalEnergies by 1.3% during the fourth quarter. Advisors Management Group Inc. ADV now owns 149,536 shares of the company's stock valued at $8,150,000 after buying an additional 1,930 shares during the period. Richard P Slaughter Associates Inc increased its holdings in TotalEnergies by 3.3% in the fourth quarter. Richard P Slaughter Associates Inc now owns 25,716 shares of the company's stock valued at $1,402,000 after buying an additional 822 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of TotalEnergies by 22.5% in the fourth quarter. Park Avenue Securities LLC now owns 33,230 shares of the company's stock worth $1,811,000 after acquiring an additional 6,114 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Barclays upgraded TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 2nd. Scotiabank decreased their target price on TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Finally, TD Cowen downgraded shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. 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's stock. According to data from MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Price Performance

Shares of TTE traded up $0.46 during trading hours on Friday, hitting $59.47. 2,748,214 shares of the stock were exchanged, compared to its average volume of 2,325,910. The stock's 50-day moving average price is $57.04 and its two-hundred day moving average price is $63.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $140.43 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies's dividend payout ratio (DPR) is 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.