Berkshire Asset Management LLC PA Acquires Shares of 6,233 TotalEnergies SE (NYSE:TTE)

Berkshire Asset Management LLC PA bought a new position in shares of TotalEnergies SE (NYSE:TTE) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 6,233 shares of the company’s stock, valued at approximately $416,000.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers raised its holdings in TotalEnergies by 105.0% in the 1st quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock valued at $14,849,000 after acquiring an additional 110,497 shares during the period. Boston Partners lifted its holdings in TotalEnergies by 54.2% during the 1st quarter. Boston Partners now owns 45,459 shares of the company’s stock worth $3,133,000 after purchasing an additional 15,988 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in TotalEnergies by 8.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,015 shares of the company’s stock valued at $218,000 after purchasing an additional 228 shares during the period. GAMMA Investing LLC grew its holdings in TotalEnergies by 7.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,480 shares of the company’s stock valued at $232,000 after buying an additional 243 shares in the last quarter. Finally, First Hawaiian Bank increased its position in TotalEnergies by 7.9% during the 2nd quarter. First Hawaiian Bank now owns 14,519 shares of the company’s stock worth $968,000 after buying an additional 1,069 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTE has been the subject of a number of recent research reports. Scotiabank reduced 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. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Barclays raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Stock Up 1.5 %

Shares of TTE opened at $57.99 on Monday. The firm has a 50 day simple moving average of $63.73 and a two-hundred day simple moving average of $66.91. The company has a market cap of $136.94 billion, a P/E ratio of 8.23, a P/E/G ratio of 1.88 and a beta of 0.64. TotalEnergies SE has a one year low of $56.69 and a one year high of $74.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.75%.

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.