Townsquare Capital LLC Raises Stock Position in TotalEnergies SE (NYSE:TTE)

Townsquare Capital LLC lifted its position in TotalEnergies SE (NYSE:TTE) by 17.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,361 shares of the company’s stock after purchasing an additional 3,631 shares during the period. Townsquare Capital LLC’s holdings in TotalEnergies were worth $1,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTE. Mather Group LLC. raised its position in TotalEnergies by 12.4% during the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after purchasing an additional 145 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of TotalEnergies by 5.1% in the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock valued at $227,000 after acquiring an additional 164 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in TotalEnergies by 0.6% in the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after acquiring an additional 165 shares during the period. Lake Street Advisors Group LLC grew its holdings in TotalEnergies by 2.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after acquiring an additional 181 shares in the last quarter. Finally, Opal Wealth Advisors LLC grew its holdings in TotalEnergies by 17.0% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after acquiring an additional 187 shares in the last quarter. Institutional investors own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTE. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Scotiabank cut their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Stock Up 1.5 %

TotalEnergies stock opened at $57.99 on Monday. TotalEnergies SE has a 1-year low of $56.69 and a 1-year high of $74.97. The business has a fifty day moving average price of $63.73 and a 200-day moving average price of $66.91. 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 stock has a market capitalization of $136.94 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 1.88 and a beta of 0.64.

TotalEnergies Cuts Dividend

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

TotalEnergies 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.