Ritholtz Wealth Management Sells 4,829 Shares of TotalEnergies SE (NYSE:TTE)

Ritholtz Wealth Management lowered its stake in TotalEnergies SE (NYSE:TTE) by 7.5% in the fourth quarter, Holdings Channel reports. The fund owned 59,208 shares of the company’s stock after selling 4,829 shares during the quarter. Ritholtz Wealth Management’s holdings in TotalEnergies were worth $3,227,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Stolper Co boosted its position in TotalEnergies by 1.1% in the fourth quarter. Stolper Co now owns 28,418 shares of the company’s stock valued at $1,549,000 after buying an additional 300 shares in the last quarter. Advisors Management Group Inc. ADV lifted its stake in shares of TotalEnergies by 1.3% in the 4th quarter. Advisors Management Group Inc. ADV now owns 149,536 shares of the company’s stock valued at $8,150,000 after acquiring an additional 1,930 shares during the last quarter. Richard P Slaughter Associates Inc boosted its holdings in shares of TotalEnergies by 3.3% during the 4th quarter. Richard P Slaughter Associates Inc now owns 25,716 shares of the company’s stock valued at $1,402,000 after acquiring an additional 822 shares in the last quarter. Park Avenue Securities LLC grew its position in TotalEnergies by 22.5% during the 4th quarter. Park Avenue Securities LLC now owns 33,230 shares of the company’s stock worth $1,811,000 after acquiring an additional 6,114 shares during the last quarter. Finally, Marcum Wealth LLC increased its holdings in TotalEnergies by 9.0% in the 4th quarter. Marcum Wealth LLC now owns 4,321 shares of the company’s stock worth $235,000 after purchasing an additional 355 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on TTE shares. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Scotiabank reduced their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Six equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $59.47 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $140.43 billion, a PE ratio of 8.43, a P/E/G ratio of 1.96 and a beta of 0.61. The firm has a fifty day simple moving average of $57.01 and a 200 day simple moving average of $63.63. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is 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.