TotalEnergies SE (NYSE:TTE) Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its position in shares of TotalEnergies SE (NYSE:TTE) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,240 shares of the company’s stock after acquiring an additional 12,579 shares during the quarter. DAVENPORT & Co LLC’s holdings in TotalEnergies were worth $6,499,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TTE. AQR Capital Management LLC raised its holdings in shares of TotalEnergies by 189.9% during the second quarter. AQR Capital Management LLC now owns 11,653 shares of the company’s stock valued at $777,000 after acquiring an additional 7,633 shares during the period. GAMMA Investing LLC increased its stake in TotalEnergies by 18.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,108 shares of the company’s stock valued at $265,000 after buying an additional 628 shares during the period. Richard P Slaughter Associates Inc increased its stake in TotalEnergies by 6.4% in the 3rd quarter. Richard P Slaughter Associates Inc now owns 24,894 shares of the company’s stock valued at $1,609,000 after buying an additional 1,492 shares during the period. Mather Group LLC. increased its stake in TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after buying an additional 145 shares during the period. Finally, Aprio Wealth Management LLC increased its stake in TotalEnergies by 62.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 5,920 shares of the company’s stock valued at $383,000 after buying an additional 2,286 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the subject of several recent research reports. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Piper Sandler decreased their price objective 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. Scotiabank decreased their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, UBS Group raised shares of 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Down 0.8 %

Shares of TTE 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 stock has a market cap of $136.00 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 2.02 and a beta of 0.61. 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 fifty day moving average of $56.64 and a 200-day moving average of $62.74.

TotalEnergies Cuts Dividend

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

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.