Abel Hall LLC Purchases 289 Shares of TotalEnergies SE (NYSE:TTE)

Abel Hall LLC grew its position in shares of TotalEnergies SE (NYSE:TTE) by 3.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,939 shares of the company’s stock after acquiring an additional 289 shares during the quarter. Abel Hall LLC’s holdings in TotalEnergies were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTE. FSA Wealth Management LLC bought a new stake in TotalEnergies in the 3rd quarter worth approximately $26,000. Continuum Advisory LLC lifted its holdings 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 acquiring an additional 183 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the last quarter. Boit C F David bought a new position in shares of TotalEnergies during the 3rd quarter valued at $32,000. Finally, Maryland Capital Advisors Inc. purchased a new position in TotalEnergies in the 3rd quarter worth $32,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 0.9 %

NYSE TTE opened at $56.91 on Monday. The stock has a market cap of $134.39 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61. TotalEnergies SE has a fifty-two week low of $56.20 and a fifty-two week high of $74.97. The stock has a 50 day simple moving average of $62.69 and a two-hundred day simple moving average of $66.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is currently 36.74%.

Wall Street Analysts Forecast Growth

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

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.