Albert D Mason Inc. Has $1.10 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Albert D Mason Inc. boosted its position in TotalEnergies SE (NYSE:TTE) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,232 shares of the company’s stock after purchasing an additional 352 shares during the period. Albert D Mason Inc.’s holdings in TotalEnergies were worth $1,103,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted 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 valued at $804,211,000 after buying an additional 324,033 shares during the last quarter. Franklin Resources Inc. raised its stake in TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the period. Raymond James & Associates lifted its holdings in TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after purchasing an additional 13,022 shares during the last quarter. Natixis Advisors LLC boosted its position in TotalEnergies by 4.9% during the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after purchasing an additional 106,347 shares during the period. Finally, Equity Investment Corp increased its holdings in shares of TotalEnergies by 2.3% in the third 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 last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Piper Sandler cut their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Up 0.8 %

Shares of TTE stock opened at $59.47 on Friday. The stock has a 50 day simple moving average of $57.01 and a 200 day simple moving average of $63.63. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a market cap of $140.43 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61.

TotalEnergies Cuts Dividend

The business also recently announced 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 currently 34.75%.

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.