Aaron Wealth Advisors LLC Sells 298 Shares of TotalEnergies SE (NYSE:TTE)

Aaron Wealth Advisors LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,520 shares of the company’s stock after selling 298 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in TotalEnergies were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new position in TotalEnergies during the third quarter worth about $26,000. Continuum Advisory LLC boosted 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 worth $27,000 after buying an additional 183 shares during the last quarter. Boit C F David bought a new position in shares of TotalEnergies in the third quarter valued at approximately $32,000. Maryland Capital Advisors Inc. purchased a new stake in shares of TotalEnergies during the third quarter valued at approximately $32,000. Finally, Eastern Bank bought a new stake in TotalEnergies during the third quarter worth $32,000. Institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTE. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE stock opened at $59.47 on Monday. The firm’s 50 day moving average is $57.01 and its 200 day moving average is $63.55. The stock has a market capitalization of $140.43 billion, a P/E ratio of 8.43, a PEG ratio of 1.96 and a beta of 0.61. TotalEnergies SE has a 12 month low of $53.29 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.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s payout ratio is currently 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.