Benjamin Edwards Inc. raised its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 506.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,890 shares of the company's stock after acquiring an additional 25,798 shares during the period. Benjamin Edwards Inc.'s holdings in TotalEnergies were worth $1,997,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in TTE. FSA Wealth Management LLC bought a new position in TotalEnergies during the 3rd quarter valued at about $26,000. Larson Financial Group LLC grew its stake in shares of TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company's stock valued at $28,000 after buying an additional 212 shares during the last quarter. Boit C F David purchased a new stake in shares of TotalEnergies in the third quarter worth approximately $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, Eastern Bank purchased a new position in TotalEnergies during the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 13.22% of the company's stock.
NYSE TTE opened at $57.48 on Friday. The company has a market cap of $135.74 billion, a PE ratio of 8.15, a P/E/G ratio of 1.85 and a beta of 0.61. TotalEnergies SE has a 52-week low of $56.20 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 firm's 50 day moving average price is $63.04 and its 200-day moving average price is $66.57.
The business also recently declared 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 of this dividend is Tuesday, December 31st. TotalEnergies's dividend payout ratio is presently 34.75%.
Several analysts have recently weighed in on TTE shares. Scotiabank decreased their target price 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. UBS Group raised shares of TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. Barclays upgraded shares of TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday. Finally, BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $78.75.
Check Out Our Latest Research Report on TTE
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.
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