Park Avenue Securities LLC Purchases 6,114 Shares of TotalEnergies SE (NYSE:TTE)

Park Avenue Securities LLC grew its position in TotalEnergies SE (NYSE:TTE) by 22.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,230 shares of the company’s stock after purchasing an additional 6,114 shares during the period. Park Avenue Securities LLC’s holdings in TotalEnergies were worth $1,811,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TTE. Marcum Wealth LLC raised its holdings in TotalEnergies by 9.0% during the fourth quarter. Marcum Wealth LLC now owns 4,321 shares of the company’s stock worth $235,000 after acquiring an additional 355 shares in the last quarter. Moody National Bank Trust Division bought a new stake in TotalEnergies during the fourth quarter worth about $253,000. Wealth Enhancement Advisory Services LLC raised its holdings in TotalEnergies by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,035 shares of the company’s stock worth $2,890,000 after acquiring an additional 457 shares in the last quarter. Fulton Bank N.A. raised its holdings in TotalEnergies by 43.8% during the fourth quarter. Fulton Bank N.A. now owns 47,318 shares of the company’s stock worth $2,579,000 after acquiring an additional 14,415 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in TotalEnergies by 85.1% during the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after acquiring an additional 10,835 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

TotalEnergies stock opened at $59.47 on Friday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock’s 50 day moving average is $57.01 and its 200-day moving average is $63.60. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The company 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 Cuts Dividend

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

Wall Street Analyst Weigh In

TTE has been the topic of several analyst reports. Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note 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 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

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.