TotalEnergies SE (NYSE:TTE) Holdings Cut by Signet Financial Management LLC

Signet Financial Management LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,971 shares of the company’s stock after selling 3,337 shares during the period. Signet Financial Management LLC’s holdings in TotalEnergies were worth $2,233,000 as of its most recent filing with the Securities and Exchange Commission.

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

TotalEnergies Stock Performance

Shares of TTE traded up $0.07 on Monday, reaching $56.75. 2,526,677 shares of the stock traded hands, compared to its average volume of 1,928,051. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The firm has a market cap of $134.01 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 1.93 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The stock’s 50-day moving average price is $57.44 and its 200-day moving average price is $63.90.

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

Analyst Ratings Changes

Several analysts recently issued reports on TTE shares. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Scotiabank cut their price objective 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. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Piper Sandler cut their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Six investment 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $72.42.

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.