Toronto Dominion Bank Has $133,000 Holdings in TotalEnergies SE (NYSE:TTE)

Toronto Dominion Bank trimmed its stake in shares of TotalEnergies SE (NYSE:TTE) by 32.7% during the third quarter, HoldingsChannel reports. The fund owned 2,060 shares of the company’s stock after selling 1,000 shares during the period. Toronto Dominion Bank’s holdings in TotalEnergies were worth $133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Coldstream Capital Management Inc. lifted its holdings in shares of TotalEnergies by 16.5% in the third quarter. Coldstream Capital Management Inc. now owns 5,317 shares of the company’s stock valued at $344,000 after purchasing an additional 753 shares in the last quarter. Abel Hall LLC raised its position in TotalEnergies by 3.8% in the 3rd quarter. Abel Hall LLC now owns 7,939 shares of the company’s stock valued at $513,000 after buying an additional 289 shares during the last quarter. Barclays PLC lifted its stake in TotalEnergies by 266.5% in the 3rd 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. Continuum Advisory LLC lifted its stake in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in TotalEnergies by 8.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 53,774 shares of the company’s stock worth $3,475,000 after acquiring an additional 4,155 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TTE. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank reduced their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Price Performance

NYSE:TTE opened at $54.22 on Tuesday. TotalEnergies SE has a 12-month low of $54.12 and a 12-month high of $74.97. The firm has a market capitalization of $128.03 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 1.93 and a beta of 0.61. The stock’s 50 day moving average price is $61.36 and its two-hundred day moving average price is $65.70. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

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 issued a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is 36.74%.

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.