TotalEnergies SE (NYSE:TTE) Position Lowered by National Bank of Canada FI

National Bank of Canada FI lowered its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 69.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,826 shares of the company's stock after selling 187,695 shares during the quarter. National Bank of Canada FI's holdings in TotalEnergies were worth $5,417,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in TotalEnergies during the third quarter worth approximately $26,000. Larson Financial Group LLC raised its position in shares of TotalEnergies by 100.5% in 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 during the period. Boit C F David acquired a new position in TotalEnergies in the third quarter valued at $32,000. Maryland Capital Advisors Inc. purchased a new stake in TotalEnergies during the third quarter valued at about $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies during the third quarter worth about $32,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 0.1 %

Shares of NYSE:TTE traded down $0.03 during trading on Friday, hitting $55.94. The company's stock had a trading volume of 1,429,800 shares, compared to its average volume of 1,535,732. The company has a market capitalization of $132.10 billion, a PE ratio of 7.94, a PEG ratio of 1.96 and a beta of 0.61. TotalEnergies SE has a fifty-two week low of $55.71 and a fifty-two week 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. The stock's 50-day moving average price is $61.92 and its two-hundred day moving average price is $66.00.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies's payout ratio is 36.74%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays upgraded TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. Scotiabank cut their target price on shares of TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 10th. UBS Group raised shares of TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. TD Cowen lowered TotalEnergies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 30th. Finally, Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.75.

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.