International Assets Investment Management LLC Has $689,000 Stock Position in TotalEnergies SE (NYSE:TTE)

International Assets Investment Management LLC lessened its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 96.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,510 shares of the company's stock after selling 355,097 shares during the period. International Assets Investment Management LLC's holdings in TotalEnergies were worth $689,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in TotalEnergies in the 3rd quarter valued at $26,000. Continuum Advisory LLC increased its position in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after acquiring an additional 183 shares during the period. Boit C F David acquired a new stake in TotalEnergies in the 3rd quarter worth about $32,000. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies in the 3rd quarter valued at about $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. Institutional investors own 16.53% of the company's stock.

Analysts Set New Price Targets

TTE has been the subject of a number of analyst reports. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. TD Cowen cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. Morgan Stanley reiterated an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday. The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Finally, Piper Sandler cut their price objective 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 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. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average price target of $72.42.

TotalEnergies Price Performance

TotalEnergies stock traded down $0.04 during mid-day trading on Friday, reaching $56.75. The company had a trading volume of 2,138,834 shares, compared to its average volume of 1,828,306. The company has a market cap of $134.01 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.93 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. 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 business has a fifty day simple moving average of $57.55 and a 200 day simple moving average of $64.02.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies's dividend payout ratio (DPR) is currently 34.75%.

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.