Gilman Hill Asset Management LLC Has $3.63 Million Stake in TotalEnergies SE (NYSE:TTE)

Gilman Hill Asset Management LLC reduced its holdings in TotalEnergies SE (NYSE:TTE) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,681 shares of the company’s stock after selling 11,999 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in TotalEnergies were worth $3,634,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TTE. FSA Wealth Management LLC acquired a new stake in TotalEnergies in the 3rd quarter valued at about $26,000. Continuum Advisory LLC increased its holdings in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Boit C F David bought a new position in TotalEnergies in the 3rd quarter worth approximately $32,000. Maryland Capital Advisors Inc. bought a new position in TotalEnergies in the 3rd quarter worth approximately $32,000. Finally, Eastern Bank acquired a new position in TotalEnergies during the 3rd quarter worth $32,000. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of recent research reports. Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Six investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Up 0.8 %

Shares of TotalEnergies stock opened at $59.47 on Monday. 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 company has a market capitalization of $140.43 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. The business has a 50-day moving average of $57.01 and a two-hundred day moving average of $63.55. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders 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 dividend payout ratio is 34.75%.

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.