Gilman Hill Asset Management LLC Sells 11,999 Shares of TotalEnergies SE (NYSE:TTE)

Gilman Hill Asset Management LLC lowered its position in TotalEnergies SE (NYSE:TTE - Free Report) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,681 shares of the company's stock after selling 11,999 shares during the period. Gilman Hill Asset Management LLC's holdings in TotalEnergies were worth $3,634,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies during the third quarter worth $26,000. Continuum Advisory LLC grew its holdings in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Boit C F David acquired a new stake in TotalEnergies in the 3rd quarter valued at about $32,000. Maryland Capital Advisors Inc. bought a new position in shares of TotalEnergies in the third quarter worth about $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies during the third quarter worth approximately $32,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 0.8 %

NYSE TTE traded up $0.46 during trading on Monday, reaching $59.47. 2,748,214 shares of the stock traded hands, compared to its average volume of 1,630,732. The stock's 50-day moving average price is $57.01 and its 200 day moving average price is $63.55. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The firm 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 fifty-two week low of $53.29 and a fifty-two week high of $74.97.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies's dividend payout ratio is currently 34.75%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TTE. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Finally, Piper Sandler lowered their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $72.42.

TotalEnergies 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.