Franklin Resources Inc. Has $273.32 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Franklin Resources Inc. boosted its position in TotalEnergies SE (NYSE:TTE - Free Report) by 62.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,012,961 shares of the company's stock after purchasing an additional 1,546,866 shares during the period. Franklin Resources Inc. owned about 0.17% of TotalEnergies worth $273,323,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in TotalEnergies by 16.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,406 shares of the company's stock valued at $2,094,000 after purchasing an additional 4,504 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in TotalEnergies in the 2nd quarter valued at about $74,000. Aaron Wealth Advisors LLC increased its stake in shares of TotalEnergies by 12.9% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 8,909 shares of the company's stock valued at $594,000 after acquiring an additional 1,017 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of TotalEnergies during the 2nd quarter valued at about $354,000. Finally, Private Advisory Group LLC grew its holdings in shares of TotalEnergies by 9.2% during the 2nd quarter. Private Advisory Group LLC now owns 95,449 shares of the company's stock worth $6,365,000 after purchasing an additional 8,072 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Down 0.1 %

Shares of TTE traded down $0.03 during trading on Friday, reaching $55.94. The company's stock had a trading volume of 1,514,594 shares, compared to its average volume of 2,023,154. The company has a fifty day moving average of $61.67 and a two-hundred day moving average of $65.85. TotalEnergies SE has a twelve month low of $55.71 and a twelve month high of $74.97. The company has a market cap of $132.10 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 1.93 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

TotalEnergies Cuts Dividend

The company also recently declared 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 36.74%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TTE shares. 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. Barclays upgraded TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. Scotiabank decreased their price target on TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Finally, The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a report on Thursday, October 3rd. 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $78.75.

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.