Ritholtz Wealth Management Has $3.23 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Ritholtz Wealth Management decreased its position in TotalEnergies SE (NYSE:TTE - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,208 shares of the company's stock after selling 4,829 shares during the period. Ritholtz Wealth Management's holdings in TotalEnergies were worth $3,227,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TTE. CWA Asset Management Group LLC bought a new position in TotalEnergies during the third quarter worth about $823,000. Crossmark Global Holdings Inc. boosted its holdings in TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company's stock worth $10,815,000 after buying an additional 54,478 shares during the last quarter. Logan Capital Management Inc. boosted its holdings 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 buying an additional 13,331 shares during the last quarter. FMR LLC boosted its holdings in 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 last quarter. Finally, Equity Investment Corp boosted its holdings in 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 last quarter. Institutional investors own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent analyst reports. UBS Group upgraded TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 9th. TD Cowen cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a report on Thursday, October 3rd. Six research 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $72.42.

TotalEnergies Stock Up 0.8 %

TotalEnergies stock traded up $0.46 during midday 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 firm's fifty day simple moving average is $57.01 and its 200-day simple moving average is $63.60. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The stock has a market capitalization of $140.43 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. 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 company also recently announced a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a $0.8308 dividend. The ex-dividend date of this dividend 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.