Bruce G. Allen Investments LLC Sells 674 Shares of TotalEnergies SE (NYSE:TTE)

Bruce G. Allen Investments LLC lowered its stake in TotalEnergies SE (NYSE:TTE) by 19.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,868 shares of the company’s stock after selling 674 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in TotalEnergies were worth $156,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of TotalEnergies by 0.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,035 shares of the company’s stock valued at $2,890,000 after acquiring an additional 457 shares in the last quarter. Fulton Bank N.A. boosted its stake in TotalEnergies by 43.8% in the 4th quarter. Fulton Bank N.A. now owns 47,318 shares of the company’s stock worth $2,579,000 after purchasing an additional 14,415 shares during the period. CWA Asset Management Group LLC boosted its stake in TotalEnergies by 85.1% in the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after purchasing an additional 10,835 shares during the period. Versant Capital Management Inc bought a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $45,000. Finally, Logan Capital Management Inc. boosted its position in shares of TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after acquiring an additional 13,331 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 0.1 %

TTE stock traded down $0.06 during mid-day trading on Friday, reaching $56.73. 1,614,414 shares of the stock traded hands, compared to its average volume of 1,776,729. The business has a 50-day moving average price of $57.55 and a two-hundred day moving average price of $64.02. The stock has a market capitalization of $133.96 billion, a PE ratio of 8.05, a PEG ratio of 1.93 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. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.75%.

Analysts Set New Price Targets

Several analysts have commented on TTE shares. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, Scotiabank cut their target price 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. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average 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.