ZWJ Investment Counsel Inc. Cuts Stake in TotalEnergies SE (NYSE:TTE)

ZWJ Investment Counsel Inc. lessened its stake in TotalEnergies SE (NYSE:TTE) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,764 shares of the company’s stock after selling 5,451 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in TotalEnergies were worth $4,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TTE. Mather Group LLC. raised its holdings in TotalEnergies by 12.4% in the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after buying an additional 145 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of 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 acquiring an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in TotalEnergies by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after acquiring an additional 169 shares during the last quarter. Tradition Wealth Management LLC lifted its position in 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 acquiring an additional 171 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its stake in TotalEnergies by 2.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock valued at $563,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTE. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Price Performance

NYSE TTE opened at $59.47 on Tuesday. 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 firm has a market capitalization of $140.43 billion, a P/E ratio of 8.43, a PEG ratio of 2.12 and a beta of 0.61. The company has a 50-day moving average price of $56.98 and a 200-day moving average price of $63.48. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s payout ratio is presently 34.04%.

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.