Teachers Retirement System of The State of Kentucky Has $46.88 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Teachers Retirement System of The State of Kentucky lifted its stake in shares of TotalEnergies SE (NYSE:TTE) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 725,470 shares of the company’s stock after purchasing an additional 50,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in TotalEnergies were worth $46,879,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies in the 3rd quarter valued at about $26,000. Continuum Advisory LLC lifted its position 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 buying an additional 183 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the period. Boit C F David bought a new stake in TotalEnergies in the 3rd quarter valued at $32,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in TotalEnergies during the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Down 1.5 %

Shares of TTE stock opened at $56.76 on Wednesday. TotalEnergies SE has a twelve month low of $56.20 and a twelve month high of $74.97. The stock’s fifty day simple moving average is $62.37 and its 200 day simple moving average is $66.14. 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 $134.04 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.85 and a beta of 0.61.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is currently 34.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Scotiabank cut their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Five 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 company has an average rating of “Moderate Buy” and a consensus price target of $78.75.

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.