Resonant Capital Advisors LLC Purchases 312 Shares of TotalEnergies SE (NYSE:TTE)

Resonant Capital Advisors LLC raised its position in TotalEnergies SE (NYSE:TTE) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,235 shares of the company’s stock after buying an additional 312 shares during the quarter. Resonant Capital Advisors LLC’s holdings in TotalEnergies were worth $234,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in TotalEnergies by 189.9% during the second quarter. AQR Capital Management LLC now owns 11,653 shares of the company’s stock worth $777,000 after buying an additional 7,633 shares in the last quarter. GAMMA Investing LLC grew its position in TotalEnergies by 18.0% during the third quarter. GAMMA Investing LLC now owns 4,108 shares of the company’s stock worth $265,000 after buying an additional 628 shares in the last quarter. Richard P Slaughter Associates Inc grew its position in TotalEnergies by 6.4% during the third quarter. Richard P Slaughter Associates Inc now owns 24,894 shares of the company’s stock worth $1,609,000 after buying an additional 1,492 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after purchasing an additional 145 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its holdings in shares of TotalEnergies by 62.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 5,920 shares of the company’s stock worth $383,000 after purchasing an additional 2,286 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TTE shares. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

TTE stock opened at $57.59 on Tuesday. The company has a market cap of $136.00 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. 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’s fifty day moving average price is $56.64 and its 200-day moving average price is $62.74.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.04%.

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.