Gilman Hill Asset Management LLC Sells 11,999 Shares of TotalEnergies SE (NYSE:TTE)

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

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after purchasing an additional 1,546,866 shares during the last quarter. Barclays PLC increased its stake in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of TotalEnergies by 6,367.4% in the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after purchasing an additional 361,923 shares during the period. FMR LLC raised its holdings in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares during the period. Finally, DRW Securities LLC lifted its stake in TotalEnergies by 134.5% in the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after purchasing an additional 250,427 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.8 %

Shares of NYSE TTE opened at $59.47 on Monday. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The stock’s fifty day moving average is $57.01 and its 200 day moving average is $63.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization of $140.43 billion, a P/E ratio of 8.43, a PEG ratio of 1.96 and a beta of 0.61.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 21st. Stockholders 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 34.75%.

Analysts Set New Price Targets

Several analysts have issued reports on TTE shares. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Piper Sandler lowered their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Six 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

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.