Sawyer & Company Inc Trims Stake in TotalEnergies SE (NYSE:TTE)

Sawyer & Company Inc cut its stake in shares of TotalEnergies SE (NYSE:TTE) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,977 shares of the company’s stock after selling 955 shares during the period. Sawyer & Company Inc’s holdings in TotalEnergies were worth $271,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. lifted its position 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 valued at $273,323,000 after buying an additional 1,546,866 shares in the last quarter. Barclays PLC raised its stake in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after acquiring an additional 490,187 shares during the period. International Assets Investment Management LLC lifted its holdings in TotalEnergies by 6,367.4% during the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after purchasing an additional 361,923 shares in the last quarter. FMR LLC boosted its position in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the period. Finally, DRW Securities LLC increased its stake in shares of 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 purchasing an additional 250,427 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE:TTE opened at $57.86 on Thursday. The business’s 50-day moving average is $57.20 and its 200 day moving average is $63.77. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The company has a market capitalization of $136.63 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.96 and a beta of 0.61. 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 Cuts Dividend

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

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of analyst reports. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler decreased their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

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.