TotalEnergies SE (NYSE:TTE) Shares Bought by Fourpath Capital Management LLC

Fourpath Capital Management LLC lifted its stake in shares of TotalEnergies SE (NYSE:TTE) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,693 shares of the company’s stock after buying an additional 4,316 shares during the quarter. Fourpath Capital Management LLC’s holdings in TotalEnergies were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTE. Franklin Resources Inc. grew its holdings in TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after acquiring an additional 1,546,866 shares in the last quarter. Barclays PLC lifted its position in shares of TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares during the last quarter. International Assets Investment Management LLC grew its stake in TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after purchasing an additional 361,923 shares in the last quarter. FMR LLC increased its holdings in TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the last quarter. Finally, DRW Securities LLC raised its stake in TotalEnergies by 134.5% during the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after buying an additional 250,427 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Piper Sandler decreased their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Down 0.8 %

TTE opened at $57.59 on Tuesday. The stock’s 50 day moving average price is $56.64 and its 200 day moving average price is $62.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market cap of $136.00 billion, a P/E ratio of 8.17, a P/E/G ratio of 2.02 and a beta of 0.61. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) 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.