Tidal Investments LLC Purchases 3,112 Shares of TotalEnergies SE (NYSE:TTE)

Tidal Investments LLC grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 5.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,692 shares of the company’s stock after purchasing an additional 3,112 shares during the quarter. Tidal Investments LLC’s holdings in TotalEnergies were worth $4,051,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Crossmark Global Holdings Inc. boosted its holdings in TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after buying an additional 54,478 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of TotalEnergies during the third quarter worth $823,000. Equity Investment Corp boosted its holdings in shares of TotalEnergies by 2.3% in the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after acquiring an additional 41,564 shares during the period. FMR LLC grew its position in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of TotalEnergies by 316.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock valued at $14,784,000 after purchasing an additional 173,810 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $55.94 on Friday. The company’s fifty day moving average price is $61.67 and its 200-day moving average price is $65.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market capitalization of $132.10 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 1.93 and a beta of 0.61. TotalEnergies SE has a one year low of $55.71 and a one year high of $74.97.

TotalEnergies Cuts Dividend

The company also recently declared 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 payout ratio is 36.74%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TTE shares. Scotiabank dropped their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, BNP Paribas lowered 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.