J.P. Morgan Private Wealth Advisors LLC Buys New Shares in TotalEnergies SE (NYSE:TTE)

J.P. Morgan Private Wealth Advisors LLC bought a new stake in TotalEnergies SE (NYSE:TTEFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 124,852 shares of the company’s stock, valued at approximately $8,210,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTE. Fisher Asset Management LLC increased its position in TotalEnergies by 1.7% in the second quarter. Fisher Asset Management LLC now owns 20,456,087 shares of the company’s stock worth $1,179,808,000 after purchasing an additional 340,627 shares during the period. Wellington Management Group LLP grew its position in shares of TotalEnergies by 7.6% during the 1st quarter. Wellington Management Group LLP now owns 9,142,190 shares of the company’s stock worth $462,045,000 after buying an additional 643,607 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of TotalEnergies by 40.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock worth $320,956,000 after buying an additional 1,823,670 shares during the period. Capital International Investors raised its stake in shares of TotalEnergies by 3.2% during the second quarter. Capital International Investors now owns 3,958,095 shares of the company’s stock worth $225,849,000 after buying an additional 123,222 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in TotalEnergies by 8.6% in the second quarter. Goldman Sachs Group Inc. now owns 2,936,134 shares of the company’s stock valued at $169,239,000 after buying an additional 231,309 shares during the period. Institutional investors own 6.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.67.

Read Our Latest Stock Analysis on TTE

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $64.99 on Wednesday. The firm’s 50 day simple moving average is $66.26 and its 200 day simple moving average is $65.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.15 and a quick ratio of 0.91. The company has a market capitalization of $159.52 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 1.40 and a beta of 0.72. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $69.63.

TotalEnergies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.597 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.39 annualized dividend and a yield of 3.67%. TotalEnergies’s dividend payout ratio is presently 30.48%.

TotalEnergies Company Profile

(Free Report)

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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