Confluence Investment Management LLC Has $621,000 Position in TotalEnergies SE (NYSE:TTE)

Confluence Investment Management LLC cut its stake in shares of TotalEnergies SE (NYSE:TTE) by 6.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,388 shares of the company’s stock after selling 724 shares during the period. Confluence Investment Management LLC’s holdings in TotalEnergies were worth $621,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares in the last quarter. Barclays PLC raised its position in TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares in the last quarter. International Assets Investment Management LLC lifted its stake in TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after acquiring an additional 361,923 shares during the last quarter. FMR LLC lifted its stake in TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares during the last quarter. Finally, DRW Securities LLC grew its position in TotalEnergies by 134.5% in the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after acquiring an additional 250,427 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE TTE opened at $55.08 on Friday. The stock has a market capitalization of $130.07 billion, a PE ratio of 7.81, a P/E/G ratio of 1.93 and a beta of 0.61. The stock has a 50-day simple moving average of $58.30 and a 200 day simple moving average of $64.36. 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 SE has a twelve month low of $53.29 and a twelve month high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently disclosed 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 is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is 34.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TTE. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Piper Sandler reduced their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank cut their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Five 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 company’s stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $74.50.

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.