DAVENPORT & Co LLC Acquires 12,579 Shares of TotalEnergies SE (NYSE:TTE)

DAVENPORT & Co LLC grew its holdings in TotalEnergies SE (NYSE:TTE) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 119,240 shares of the company’s stock after purchasing an additional 12,579 shares during the quarter. DAVENPORT & Co LLC’s holdings in TotalEnergies were worth $6,499,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Mather Group LLC. boosted its stake in TotalEnergies by 12.4% during the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after acquiring an additional 145 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after acquiring an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after acquiring an additional 169 shares during the last quarter. Tradition Wealth Management LLC raised its holdings in TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after buying an additional 171 shares during the period. Finally, Lake Street Advisors Group LLC raised its holdings in TotalEnergies by 2.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after buying an additional 181 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.8 %

TotalEnergies stock opened at $57.59 on Tuesday. TotalEnergies SE has a 52 week low of $53.29 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 stock has a market capitalization of $136.00 billion, a P/E ratio of 8.17, a PEG ratio of 2.02 and a beta of 0.61. The stock has a 50-day simple moving average of $56.64 and a 200 day simple moving average of $62.74.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.04%.

Wall Street Analyst Weigh In

Several 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 report on Thursday, December 5th. Piper Sandler reduced their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Scotiabank reduced their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, UBS Group upgraded 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 assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.42.

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.