Brooklyn Investment Group Invests $138,000 in TotalEnergies SE (NYSE:TTE)

Brooklyn Investment Group bought a new stake in TotalEnergies SE (NYSE:TTE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,539 shares of the company’s stock, valued at approximately $138,000.

Several other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in shares of TotalEnergies by 5.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 128,166 shares of the company’s stock valued at $8,546,000 after purchasing an additional 6,075 shares during the period. Blair William & Co. IL increased its holdings in TotalEnergies by 2.3% in the 2nd quarter. Blair William & Co. IL now owns 72,839 shares of the company’s stock valued at $4,857,000 after buying an additional 1,620 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of TotalEnergies in the 2nd quarter valued at $340,000. Legacy Financial Advisors Inc. lifted its holdings in shares of TotalEnergies by 4.2% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 14,448 shares of the company’s stock worth $963,000 after acquiring an additional 583 shares during the period. Finally, Alaethes Wealth LLC boosted its position in shares of TotalEnergies by 1.8% during the 2nd quarter. Alaethes Wealth LLC now owns 28,574 shares of the company’s stock valued at $1,929,000 after acquiring an additional 497 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.8 %

Shares of NYSE:TTE opened at $59.47 on Friday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The firm has a market cap of $140.43 billion, a P/E ratio of 8.43, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $57.01 and its two-hundred day moving average price is $63.60.

TotalEnergies Cuts Dividend

The company 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 is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.75%.

Analysts Set New Price Targets

A number of research analysts have commented on TTE shares. Piper Sandler cut their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Barclays raised 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 note on Wednesday, October 9th. Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Scotiabank dropped 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 report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $72.42.

About TotalEnergies

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.