Burney Co. Sells 600 Shares of TotalEnergies SE (NYSE:TTE)

Burney Co. trimmed its holdings in TotalEnergies SE (NYSE:TTE) by 9.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,648 shares of the company’s stock after selling 600 shares during the quarter. Burney Co.’s holdings in TotalEnergies were worth $308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTE. FSA Wealth Management LLC bought a new position in TotalEnergies in the 3rd quarter worth approximately $26,000. Continuum Advisory LLC boosted its stake in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the period. Boit C F David bought a new position in TotalEnergies in the 3rd quarter worth approximately $32,000. Maryland Capital Advisors Inc. bought a new position in TotalEnergies in the 3rd quarter worth approximately $32,000. Finally, Eastern Bank bought a new position in TotalEnergies in the 3rd quarter worth approximately $32,000. 16.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on TTE shares. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. 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. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Finally, TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

NYSE:TTE opened at $59.47 on Friday. The stock’s fifty day moving average is $57.01 and its 200 day moving average is $63.60. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The firm has a market capitalization of $140.43 billion, a PE ratio of 8.43, a PEG ratio of 1.96 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 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 dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s payout ratio is presently 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.