TotalEnergies SE (NYSE:TTE) Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC boosted its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 351,000 shares of the company's stock after acquiring an additional 31,194 shares during the period. Wedge Capital Management L L P NC's holdings in TotalEnergies were worth $19,130,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new position in TotalEnergies in the third quarter valued at about $26,000. Continuum Advisory LLC raised its stake 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 acquiring an additional 183 shares during the period. Boit C F David acquired a new position in shares of TotalEnergies in the 3rd quarter worth approximately $32,000. Maryland Capital Advisors Inc. purchased a new position in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies in the 3rd quarter valued at approximately $32,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTE has been the topic of a number of research reports. UBS Group upgraded TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Scotiabank lowered their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. TD Cowen cut shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. Finally, Barclays upgraded shares of TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.42.

TotalEnergies Stock Up 0.8 %

Shares of TTE 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 company has a market cap of $140.43 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.96 and a beta of 0.61. The company's fifty day simple moving average is $57.01 and its two-hundred day simple moving average is $63.63. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. 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 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies's dividend payout ratio (DPR) is 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.