Aaron Wealth Advisors LLC Sells 298 Shares of TotalEnergies SE (NYSE:TTE)

Aaron Wealth Advisors LLC lessened its stake in TotalEnergies SE (NYSE:TTE) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 11,520 shares of the company’s stock after selling 298 shares during the period. Aaron Wealth Advisors LLC’s holdings in TotalEnergies were worth $628,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TTE. FSA Wealth Management LLC purchased a new position in shares of TotalEnergies in the third quarter worth $26,000. Continuum Advisory LLC lifted its holdings in TotalEnergies by 70.4% in 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 period. Boit C F David bought a new stake in shares of TotalEnergies in the 3rd quarter worth approximately $32,000. Maryland Capital Advisors Inc. bought a new position in shares of TotalEnergies during the third quarter valued at approximately $32,000. Finally, Eastern Bank purchased a new stake in TotalEnergies in the third quarter worth $32,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

TTE stock opened at $59.47 on Monday. 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 firm has a market capitalization of $140.43 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.96 and a beta of 0.61. The firm has a 50 day moving average price of $57.01 and a 200-day moving average price of $63.55. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 21st. Shareholders 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 dividend payout ratio (DPR) is 34.75%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TTE shares. Scotiabank reduced their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group upgraded 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 given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

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.