Legacy Wealth Asset Management LLC Has $1.69 Million Holdings in TotalEnergies SE (NYSE:TTE)

Legacy Wealth Asset Management LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE) by 7.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,920 shares of the company’s stock after selling 2,553 shares during the period. Legacy Wealth Asset Management LLC’s holdings in TotalEnergies were worth $1,685,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Stolper Co boosted its position in shares of TotalEnergies by 1.1% during the 4th quarter. Stolper Co now owns 28,418 shares of the company’s stock worth $1,549,000 after acquiring an additional 300 shares in the last quarter. Advisors Management Group Inc. ADV lifted its stake in TotalEnergies by 1.3% during the fourth quarter. Advisors Management Group Inc. ADV now owns 149,536 shares of the company’s stock worth $8,150,000 after purchasing an additional 1,930 shares during the last quarter. Richard P Slaughter Associates Inc boosted its holdings in shares of TotalEnergies by 3.3% in the 4th quarter. Richard P Slaughter Associates Inc now owns 25,716 shares of the company’s stock valued at $1,402,000 after purchasing an additional 822 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of TotalEnergies by 22.5% in the 4th quarter. Park Avenue Securities LLC now owns 33,230 shares of the company’s stock valued at $1,811,000 after purchasing an additional 6,114 shares during the last quarter. Finally, Marcum Wealth LLC raised its holdings in shares of TotalEnergies by 9.0% during the 4th quarter. Marcum Wealth LLC now owns 4,321 shares of the company’s stock worth $235,000 after buying an additional 355 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Scotiabank reduced their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Up 2.4 %

TTE opened at $59.06 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company’s 50 day moving average price is $57.12 and its two-hundred day moving average price is $63.73. The firm has a market capitalization of $139.47 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 1.96 and a beta of 0.61.

TotalEnergies Cuts Dividend

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

TotalEnergies Company 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.