Ingalls & Snyder LLC Buys 7,264 Shares of TotalEnergies SE (NYSE:TTE)

Ingalls & Snyder LLC increased its stake in TotalEnergies SE (NYSE:TTE) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,125 shares of the company’s stock after buying an additional 7,264 shares during the period. Ingalls & Snyder LLC’s holdings in TotalEnergies were worth $6,535,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in TotalEnergies in the third quarter worth about $26,000. Larson Financial Group LLC increased its stake in shares of TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. Boit C F David bought a new position in shares of TotalEnergies during the third quarter valued at 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 bought a new position in shares of TotalEnergies during the third quarter valued at approximately $32,000. 13.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. 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 shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Scotiabank cut their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Stock Performance

TTE stock traded up $0.30 on Tuesday, hitting $56.78. The company had a trading volume of 190,734 shares, compared to its average volume of 1,506,250. TotalEnergies SE has a 12-month low of $56.20 and a 12-month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock’s 50-day simple moving average is $63.73 and its 200 day simple moving average is $66.86. The stock has a market cap of $134.08 billion, a price-to-earnings ratio of 8.01, a P/E/G ratio of 1.88 and a beta of 0.61.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 36.74%.

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.