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

Ritholtz Wealth Management trimmed its holdings in TotalEnergies SE (NYSE:TTE) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,208 shares of the company’s stock after selling 4,829 shares during the period. Ritholtz Wealth Management’s holdings in TotalEnergies were worth $3,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTE. FSA Wealth Management LLC acquired a new stake in TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC lifted its stake in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Boit C F David bought a new stake in shares of TotalEnergies during the 3rd quarter worth about $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies in the 3rd quarter valued at about $32,000. Finally, Eastern Bank bought a new position in TotalEnergies in the 3rd quarter valued at about $32,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 0.8 %

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. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The stock has a market capitalization of $140.43 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a 50-day simple moving average of $57.01 and a 200 day simple moving average of $63.63.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TTE. Morgan Stanley restated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank reduced their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.