Barclays PLC Acquires 490,187 Shares of TotalEnergies SE (NYSE:TTE)

Barclays PLC boosted its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 266.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 674,154 shares of the company's stock after acquiring an additional 490,187 shares during the period. Barclays PLC's holdings in TotalEnergies were worth $43,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. Mather Group LLC. grew its position in TotalEnergies by 12.4% during the third quarter. Mather Group LLC. now owns 1,312 shares of the company's stock worth $85,000 after buying an additional 145 shares in the last quarter. Venturi Wealth Management LLC raised its stake in TotalEnergies by 0.6% in the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company's stock valued at $1,793,000 after purchasing an additional 165 shares in the last quarter. 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 valued at $1,085,000 after purchasing an additional 169 shares during the last quarter. Tradition Wealth Management LLC grew its stake in TotalEnergies by 2.5% in the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company's stock worth $460,000 after buying an additional 171 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in shares of TotalEnergies by 2.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company's stock worth $563,000 after buying an additional 181 shares during the last quarter. Institutional investors own 16.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TTE shares. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a report on Thursday, October 3rd. Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Barclays raised TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 2nd. Finally, Scotiabank decreased 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 note on Thursday, October 10th. Five 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. Based on data from MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus price target of $78.75.

TotalEnergies Trading Down 0.0 %

TTE stock traded down $0.02 during midday trading on Friday, hitting $55.95. The company had a trading volume of 1,514,580 shares, compared to its average volume of 1,536,626. The stock has a market cap of $132.12 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.96 and a beta of 0.61. TotalEnergies SE has a 52 week low of $55.71 and a 52 week 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 stock's 50 day moving average price is $61.92 and its 200 day moving average price is $66.00.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 21st. Shareholders 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 currently 36.74%.

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.