Wedge Capital Management L L P NC Raises Holdings in TotalEnergies SE (NYSE:TTE)

Wedge Capital Management L L P NC increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,000 shares of the company’s stock after acquiring an additional 31,194 shares during the period. Wedge Capital Management L L P NC’s holdings in TotalEnergies were worth $19,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in TotalEnergies during the third quarter worth approximately $26,000. Continuum Advisory LLC raised its stake in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the period. Boit C F David purchased a new position in shares of TotalEnergies during the 3rd quarter valued at approximately $32,000. Maryland Capital Advisors Inc. acquired a new stake in TotalEnergies in the 3rd quarter valued at $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies in the 3rd quarter worth $32,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on TTE shares. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Scotiabank lowered their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 0.8 %

Shares of TotalEnergies stock opened at $59.47 on Friday. 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 company has a fifty day simple moving average of $57.01 and a 200-day simple moving average of $63.63. The stock has a market cap of $140.43 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.96 and a beta of 0.61. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

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 issued a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s payout ratio is 34.75%.

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.