TotalEnergies SE (NYSE:TTE) Holdings Raised by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in TotalEnergies SE (NYSE:TTE) by 62.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,012,961 shares of the company’s stock after buying an additional 1,546,866 shares during the period. Franklin Resources Inc. owned 0.17% of TotalEnergies worth $273,323,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its holdings in shares of TotalEnergies by 48.3% in the third 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 in the last quarter. CWA Asset Management Group LLC bought a new position in TotalEnergies during the 3rd quarter valued at $823,000. Equity Investment Corp increased its position in shares of TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after purchasing an additional 41,564 shares during the period. FMR LLC raised 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 worth $804,211,000 after buying an additional 324,033 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of TotalEnergies by 316.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock valued at $14,784,000 after buying an additional 173,810 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TTE shares. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Scotiabank dropped their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Five equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Stock Down 0.1 %

Shares of NYSE:TTE opened at $55.94 on Friday. TotalEnergies SE has a 52 week low of $55.71 and a 52 week high of $74.97. 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 cap of $132.10 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. The firm has a 50 day simple moving average of $61.67 and a 200 day simple moving average of $65.85.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 36.74%.

About TotalEnergies

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.