HighTower Advisors LLC Increases Position in TotalEnergies SE (NYSE:TTE)

HighTower Advisors LLC grew its position in TotalEnergies SE (NYSE:TTE - Free Report) by 5.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 737,658 shares of the company's stock after acquiring an additional 36,299 shares during the period. HighTower Advisors LLC's holdings in TotalEnergies were worth $47,655,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TTE. FSA Wealth Management LLC acquired a new stake in shares of TotalEnergies in the third quarter valued at about $26,000. Larson Financial Group LLC increased its stake in TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company's stock worth $28,000 after buying an additional 212 shares in the last quarter. Boit C F David acquired a new position in shares of TotalEnergies during the third quarter valued at approximately $32,000. Maryland Capital Advisors Inc. purchased a new position in shares of TotalEnergies in the third quarter valued at approximately $32,000. Finally, Eastern Bank acquired a new stake in shares of TotalEnergies in the third quarter worth approximately $32,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on TTE. Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Barclays upgraded TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday. Finally, UBS Group upgraded shares of TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.75.

TotalEnergies Trading Up 1.4 %

TotalEnergies stock traded up $0.78 during trading on Thursday, hitting $57.48. The company had a trading volume of 2,095,810 shares, compared to its average volume of 1,521,682. 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 company's 50 day simple moving average is $63.04 and its 200-day simple moving average is $66.57. TotalEnergies SE has a 1-year low of $56.20 and a 1-year high of $74.97. The stock has a market cap of $135.74 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies's dividend payout ratio (DPR) is presently 36.74%.

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.