Wilmington Savings Fund Society FSB Invests $303,000 in TotalEnergies SE (NYSE:TTE)

Wilmington Savings Fund Society FSB acquired a new position in TotalEnergies SE (NYSE:TTE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,682 shares of the company’s stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTE. CWA Asset Management Group LLC bought a new stake in shares of TotalEnergies in the 3rd quarter valued at about $823,000. Crossmark Global Holdings Inc. lifted its stake in shares of TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after acquiring an additional 54,478 shares during the last quarter. &PARTNERS lifted its stake in shares of TotalEnergies by 320.1% in the 2nd quarter. &PARTNERS now owns 21,706 shares of the company’s stock valued at $1,447,000 after acquiring an additional 16,539 shares during the last quarter. Equity Investment Corp lifted its stake in shares of TotalEnergies by 2.3% in the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after acquiring an additional 41,564 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.1 %

TTE stock opened at $54.25 on Wednesday. TotalEnergies SE has a fifty-two week low of $53.92 and a fifty-two week high of $74.97. The business’s 50 day moving average price is $61.08 and its two-hundred day moving average price is $65.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $128.11 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61.

TotalEnergies Cuts Dividend

The company also recently announced 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 is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.75%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTE. UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, Scotiabank lowered their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Five equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.75.

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.