TotalEnergies SE (NYSE:TTE) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC cut its position in TotalEnergies SE (NYSE:TTE) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,491 shares of the company’s stock after selling 1,951 shares during the quarter. Procyon Advisors LLC’s holdings in TotalEnergies were worth $681,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the last quarter. Franklin Resources Inc. increased its position in TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the period. Raymond James & Associates raised its stake in TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after acquiring an additional 13,022 shares in the last quarter. Natixis Advisors LLC boosted its position in TotalEnergies by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after acquiring an additional 106,347 shares during the period. Finally, Equity Investment Corp boosted its position in TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after acquiring an additional 41,564 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Piper Sandler cut their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Barclays raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Up 0.8 %

Shares of NYSE:TTE opened at $59.47 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization 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 SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a 50 day moving average price of $57.01 and a 200 day moving average price of $63.60.

TotalEnergies Cuts Dividend

The business also recently announced 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 payout ratio 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.