Anchor Investment Management LLC Boosts Stock Position in TotalEnergies SE (NYSE:TTE)

Anchor Investment Management LLC increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 109.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 942 shares of the company’s stock after buying an additional 492 shares during the period. Anchor Investment Management LLC’s holdings in TotalEnergies were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares in the last quarter. Raymond James & Associates increased its position in shares of TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock worth $149,924,000 after purchasing an additional 13,022 shares in the last quarter. Natixis Advisors LLC raised its stake in TotalEnergies by 4.9% in the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after purchasing an additional 106,347 shares during the last quarter. Equity Investment Corp lifted its holdings in TotalEnergies by 2.3% in the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after purchasing an additional 41,564 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in TotalEnergies by 5.2% during the 3rd quarter. HighTower Advisors LLC now owns 737,658 shares of the company’s stock worth $47,655,000 after purchasing an additional 36,299 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

TTE stock opened at $55.94 on Friday. TotalEnergies SE has a 52-week low of $55.71 and a 52-week high of $74.97. 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 stock has a market cap 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 business has a fifty day moving average of $61.67 and a two-hundred day moving average of $65.85.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is currently 36.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TTE. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.75.

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.