BNP Paribas Financial Markets Sells 372,430 Shares of TotalEnergies SE (NYSE:TTE)

BNP Paribas Financial Markets decreased its stake in shares of TotalEnergies SE (NYSE:TTE) by 68.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 174,406 shares of the company’s stock after selling 372,430 shares during the period. BNP Paribas Financial Markets’ holdings in TotalEnergies were worth $11,270,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in shares of TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after buying an additional 361,923 shares in the last quarter. FMR LLC increased its holdings in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after acquiring an additional 324,033 shares during the period. DRW Securities LLC lifted its stake in TotalEnergies by 134.5% in the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after purchasing an additional 250,427 shares in the last quarter. Generate Investment Management Ltd bought a new position in TotalEnergies in the 2nd quarter valued at $13,306,000. Finally, Mediolanum International Funds Ltd purchased a new position in shares of TotalEnergies during the 3rd quarter valued at $11,504,000. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TTE shares. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Barclays raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Price Performance

TTE opened at $57.99 on Monday. The stock has a market capitalization of $136.94 billion, a P/E ratio of 8.23, a PEG ratio of 1.88 and a beta of 0.64. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 12-month low of $56.69 and a 12-month high of $74.97. The stock has a 50-day moving average price of $63.73 and a 200-day moving average price of $66.91.

TotalEnergies Cuts Dividend

The firm 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 is Tuesday, December 31st. TotalEnergies’s payout ratio is currently 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.