Signet Financial Management LLC Has $2.23 Million Stake in TotalEnergies SE (NYSE:TTE)

Signet Financial Management LLC cut its stake in TotalEnergies SE (NYSE:TTE) by 7.5% in the fourth quarter, HoldingsChannel reports. The fund owned 40,971 shares of the company’s stock after selling 3,337 shares during the period. Signet Financial Management LLC’s holdings in TotalEnergies were worth $2,233,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Moody National Bank Trust Division acquired a new stake in TotalEnergies in the fourth quarter worth about $253,000. Wealth Enhancement Advisory Services LLC lifted its holdings in 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 buying an additional 457 shares during the period. Fulton Bank N.A. lifted its holdings in TotalEnergies by 43.8% in the fourth quarter. Fulton Bank N.A. now owns 47,318 shares of the company’s stock valued at $2,579,000 after buying an additional 14,415 shares during the period. CWA Asset Management Group LLC grew its holdings in TotalEnergies by 85.1% during the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after acquiring an additional 10,835 shares during the period. Finally, Versant Capital Management Inc bought a new stake in shares of TotalEnergies during the 4th quarter valued at $45,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.1 %

Shares of TTE stock traded up $0.07 on Monday, hitting $56.75. 2,526,677 shares of the stock were exchanged, compared to its average volume of 1,928,051. The business has a 50-day moving average of $57.44 and a 200 day moving average of $63.90. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The firm has a market capitalization of $134.01 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39.

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 currently 34.75%.

Analyst Ratings Changes

TTE has been the topic of several recent research reports. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Morgan Stanley restated an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Scotiabank lowered their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six research 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, the company presently 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.