FSA Wealth Management LLC Acquires New Stake in TotalEnergies SE (NYSE:TTE)

FSA Wealth Management LLC bought a new stake in TotalEnergies SE (NYSE:TTE) during the third quarter, HoldingsChannel.com reports. The fund bought 400 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after buying an additional 145 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in TotalEnergies by 5.1% in the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock valued at $227,000 after purchasing an additional 164 shares during the period. Venturi Wealth Management LLC increased its position in TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after purchasing an additional 165 shares during the last quarter. Tradition Wealth Management LLC raised its stake in TotalEnergies by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after purchasing an additional 171 shares during the period. Finally, Lake Street Advisors Group LLC boosted 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 valued at $563,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TTE shares. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. 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 note on Thursday, October 3rd. Scotiabank dropped their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Stock Performance

Shares of TTE opened at $56.45 on Tuesday. The firm has a fifty day moving average of $63.73 and a 200-day moving average of $66.86. The company has a market cap of $133.30 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 1.88 and a beta of 0.61. 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 SE has a 1 year low of $56.20 and a 1 year high of $74.97.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s payout ratio is 36.74%.

TotalEnergies 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.