LVW Advisors LLC Sells 4,166 Shares of TotalEnergies SE (NYSE:TTE)

LVW Advisors LLC reduced its position in shares of TotalEnergies SE (NYSE:TTE) by 22.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,568 shares of the company’s stock after selling 4,166 shares during the quarter. LVW Advisors LLC’s holdings in TotalEnergies were worth $794,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in TotalEnergies in the third quarter worth $26,000. Continuum Advisory LLC lifted its position in TotalEnergies by 70.4% in the third 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 stake in TotalEnergies in the third quarter worth $32,000. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies in the third quarter worth $32,000. Finally, Eastern Bank bought a new stake in TotalEnergies in the third quarter worth $32,000. 16.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TTE has been the subject of a number of analyst reports. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Scotiabank lowered their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

TTE stock opened at $59.47 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The business’s fifty day simple moving average is $57.01 and its two-hundred day simple moving average is $63.55. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The firm 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.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.75%.

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.