TotalEnergies SE (NYSE:TTE) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in TotalEnergies SE (NYSE:TTE) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,035 shares of the company’s stock after purchasing an additional 457 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in TotalEnergies were worth $2,890,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in shares of TotalEnergies during the third quarter worth $26,000. Continuum Advisory LLC increased 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 in the last quarter. Boit C F David acquired a new stake in TotalEnergies during the 3rd quarter worth about $32,000. Maryland Capital Advisors Inc. purchased a new stake in TotalEnergies during the third quarter valued at about $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies in the third quarter worth about $32,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $57.60 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $136.02 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The stock’s 50-day moving average is $57.20 and its 200-day moving average is $63.77.

TotalEnergies Cuts Dividend

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

Analysts Set New Price Targets

TTE has been the topic of a number of research analyst reports. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. 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. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, TotalEnergies 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.