Brooklyn Investment Group Makes New $138,000 Investment in TotalEnergies SE (NYSE:TTE)

Brooklyn Investment Group purchased a new stake in TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,539 shares of the company’s stock, valued at approximately $138,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in TotalEnergies by 5.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 128,166 shares of the company’s stock valued at $8,546,000 after buying an additional 6,075 shares during the period. Blair William & Co. IL raised its position in shares of TotalEnergies by 2.3% in the 2nd quarter. Blair William & Co. IL now owns 72,839 shares of the company’s stock valued at $4,857,000 after acquiring an additional 1,620 shares during the period. Benjamin Edwards Inc. acquired a new position in TotalEnergies during the second quarter valued at approximately $340,000. Legacy Financial Advisors Inc. grew its holdings in TotalEnergies by 4.2% during the second quarter. Legacy Financial Advisors Inc. now owns 14,448 shares of the company’s stock valued at $963,000 after purchasing an additional 583 shares during the period. Finally, Alaethes Wealth LLC raised its holdings in TotalEnergies by 1.8% in the second quarter. Alaethes Wealth LLC now owns 28,574 shares of the company’s stock worth $1,929,000 after purchasing an additional 497 shares during the period. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

Shares of TTE stock opened at $59.47 on Friday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The company’s fifty day simple moving average is $57.01 and its 200-day simple moving average is $63.60. The firm has a market cap of $140.43 billion, a PE ratio of 8.43, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

TotalEnergies Cuts Dividend

The firm also recently disclosed 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 is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is 34.75%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, The Goldman Sachs Group raised shares of 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

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.