Synovus Financial Corp Purchases 8,962 Shares of TotalEnergies SE (NYSE:TTE)

Synovus Financial Corp increased its position in shares of TotalEnergies SE (NYSE:TTE) by 10.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,252 shares of the company’s stock after purchasing an additional 8,962 shares during the period. Synovus Financial Corp’s holdings in TotalEnergies were worth $5,961,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Mather Group LLC. lifted its holdings in shares of TotalEnergies by 12.4% in the 3rd 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 last quarter. Venturi Wealth Management LLC raised its position in TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after purchasing an additional 165 shares during the period. Integrated Wealth Concepts LLC raised its position in TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after purchasing an additional 169 shares during the period. Tradition Wealth Management LLC lifted its stake in shares of TotalEnergies by 2.5% in the 3rd 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 last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of TotalEnergies by 2.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.0 %

TTE stock opened at $55.95 on Friday. TotalEnergies SE has a 12 month low of $55.71 and a 12 month high of $74.97. The firm’s 50-day moving average is $61.67 and its 200 day moving average is $65.89. The company has a market capitalization of $132.12 billion, a PE ratio of 7.94, a P/E/G ratio of 1.96 and a beta of 0.61. 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 business 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 is presently 34.75%.

Analyst Ratings Changes

TTE has been the topic of several recent research reports. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Scotiabank dropped their price target 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. 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. Finally, Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.75.

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.