Teachers Retirement System of The State of Kentucky Purchases 50,300 Shares of TotalEnergies SE (NYSE:TTE)

Teachers Retirement System of The State of Kentucky grew its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 725,470 shares of the company's stock after buying an additional 50,300 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in TotalEnergies were worth $46,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. FSA Wealth Management LLC bought a new position in TotalEnergies during the third quarter worth about $26,000. Larson Financial Group LLC lifted its holdings in shares of TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company's stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. Continuum Advisory LLC grew its position in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock valued at $27,000 after purchasing an additional 183 shares during the period. Boit C F David bought a new stake in TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in TotalEnergies during the 3rd quarter worth approximately $32,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on TTE shares. TD Cowen cut shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 30th. Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Scotiabank cut their price target on shares of TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. Finally, UBS Group raised shares of TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.75.

TotalEnergies Stock Performance

TTE stock traded down $0.08 during trading hours on Wednesday, hitting $56.68. 2,129,884 shares of the stock were exchanged, compared to its average volume of 1,530,022. TotalEnergies SE has a 12 month low of $55.92 and a 12 month 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 firm has a market capitalization of $133.85 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.85 and a beta of 0.61. The company has a 50-day simple moving average of $62.37 and a two-hundred day simple moving average of $66.14.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 21st. Stockholders 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 payout ratio is 34.75%.

About TotalEnergies

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.