5,763 Shares in TotalEnergies SE (NYSE:TTE) Bought by J2 Capital Management Inc

J2 Capital Management Inc acquired a new position in shares of TotalEnergies SE (NYSE:TTE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,763 shares of the company's stock, valued at approximately $314,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new stake in shares of TotalEnergies in the 3rd quarter valued at approximately $823,000. Crossmark Global Holdings Inc. raised its position in TotalEnergies by 48.3% in the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company's stock valued at $10,815,000 after purchasing an additional 54,478 shares during the period. Logan Capital Management Inc. lifted its stake in TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company's stock worth $4,637,000 after purchasing an additional 13,331 shares in the last quarter. FMR LLC boosted its position in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after buying an additional 324,033 shares during the period. Finally, Equity Investment Corp boosted its position in shares of TotalEnergies by 2.3% during the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company's stock worth $120,343,000 after buying an additional 41,564 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TTE shares. TD Cowen downgraded TotalEnergies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 30th. Barclays upgraded shares of TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group raised TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Stock Up 0.8 %

Shares of NYSE:TTE traded up $0.46 during trading hours on Friday, reaching $59.47. The stock had a trading volume of 2,748,214 shares, compared to its average volume of 1,630,732. The stock has a market capitalization of $140.43 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.96 and a beta of 0.61. The firm's 50 day moving average is $57.01 and its 200-day moving average is $63.55. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

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 $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies's dividend payout ratio is presently 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.