J2 Capital Management Inc Takes $314,000 Position in TotalEnergies SE (NYSE:TTE)

J2 Capital Management Inc acquired a new position in shares of TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,763 shares of the company’s stock, valued at approximately $314,000.

Several other institutional investors also recently bought and sold shares of the company. Mather Group LLC. grew its position in shares of TotalEnergies by 12.4% during the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after buying an additional 145 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in TotalEnergies by 0.6% in the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after acquiring an additional 165 shares during the period. Integrated Wealth Concepts LLC grew its holdings in TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after acquiring an additional 169 shares in the last quarter. Tradition Wealth Management LLC increased its position in TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after purchasing an additional 171 shares during the period. Finally, Lake Street Advisors Group LLC raised its holdings in shares of TotalEnergies by 2.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock valued at $563,000 after purchasing an additional 181 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $59.47 on Friday. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company 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 debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The business has a 50-day simple moving average of $57.01 and a two-hundred day simple moving average of $63.60.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a $0.8308 dividend. 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

TTE has been the topic of a number of recent research reports. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

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.