Peapack Gladstone Financial Corp Sells 735 Shares of TotalEnergies SE (NYSE:TTE)

Peapack Gladstone Financial Corp decreased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,029 shares of the company’s stock after selling 735 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in TotalEnergies were worth $2,393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Mather Group LLC. lifted its holdings in TotalEnergies by 12.4% in the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after acquiring an additional 145 shares during the period. Venturi Wealth Management LLC increased its stake in TotalEnergies by 0.6% during 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 last quarter. Integrated Wealth Concepts LLC lifted its position in TotalEnergies by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after buying an additional 169 shares during the last quarter. Tradition Wealth Management LLC raised its position in TotalEnergies by 2.5% in the third 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 lifted its stake in TotalEnergies by 2.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.1 %

Shares of NYSE:TTE opened at $55.94 on Friday. The company has a market capitalization of $132.10 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. The company has a 50 day moving average of $61.67 and a two-hundred day moving average of $65.85. 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 SE has a 52-week low of $55.71 and a 52-week high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently declared 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 is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 36.74%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a 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 report on Thursday, October 10th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given 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 $78.75.

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.