TotalEnergies SE (NYSE:TTE) Holdings Raised by Fourpath Capital Management LLC

Fourpath Capital Management LLC grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 30.0% during the 4th quarter, HoldingsChannel reports. The fund owned 18,693 shares of the company’s stock after acquiring an additional 4,316 shares during the period. Fourpath Capital Management LLC’s holdings in TotalEnergies were worth $1,019,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC purchased a new position in TotalEnergies in the third quarter valued at about $26,000. Continuum Advisory LLC lifted 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 buying an additional 183 shares during the last quarter. Boit C F David bought a new stake in shares of TotalEnergies in the 3rd quarter valued at approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies in the third quarter worth approximately $32,000. Finally, Eastern Bank bought a new position in TotalEnergies during the third quarter valued at approximately $32,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the topic of several analyst reports. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler cut their price objective on 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Down 0.8 %

Shares of TTE stock opened at $57.59 on Tuesday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. 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 firm has a market cap of $136.00 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. The stock has a 50 day moving average of $56.64 and a 200-day moving average of $62.74.

TotalEnergies Cuts Dividend

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

About TotalEnergies

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.