Park Avenue Securities LLC Buys 6,114 Shares of TotalEnergies SE (NYSE:TTE)

Park Avenue Securities LLC increased its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 22.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,230 shares of the company's stock after acquiring an additional 6,114 shares during the quarter. Park Avenue Securities LLC's holdings in TotalEnergies were worth $1,811,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Mather Group LLC. raised its position in shares of TotalEnergies by 12.4% in the third quarter. Mather Group LLC. now owns 1,312 shares of the company's stock valued at $85,000 after purchasing an additional 145 shares during the period. Venturi Wealth Management LLC raised its holdings in TotalEnergies by 0.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company's stock valued at $1,793,000 after acquiring an additional 165 shares during the period. Integrated Wealth Concepts LLC lifted its position in TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company's stock worth $1,085,000 after acquiring an additional 169 shares during the last quarter. Tradition Wealth Management LLC grew its position in shares of TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company's stock valued at $460,000 after purchasing an additional 171 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in shares of TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company's stock worth $563,000 after purchasing an additional 181 shares during the period. Institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

NYSE:TTE traded up $0.46 during mid-day trading 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 50-day simple moving average of $57.01 and a two-hundred day simple moving average of $63.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock has a market capitalization of $140.43 billion, a PE ratio of 8.43, a P/E/G ratio of 1.96 and a beta of 0.61.

TotalEnergies Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD Cowen downgraded TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 30th. Piper Sandler lowered their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Scotiabank cut their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Six investment 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 has an average rating of "Moderate Buy" and an average target price of $72.42.

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.