Citigroup Inc. Invests $20.26 Million in TotalEnergies SE (NYSE:TTE)

Citigroup Inc. acquired a new position in shares of TotalEnergies SE (NYSE:TTEGet Rating) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 409,677 shares of the company’s stock, valued at approximately $20,262,000.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC purchased a new stake in shares of TotalEnergies during the fourth quarter worth $1,234,997,000. Avantax Advisory Services Inc. acquired a new position in shares of TotalEnergies during the fourth quarter worth $1,309,000. Quadrant Capital Group LLC acquired a new position in shares of TotalEnergies during the fourth quarter worth $432,000. Scout Investments Inc. acquired a new position in shares of TotalEnergies during the fourth quarter worth $4,688,000. Finally, GFS Advisors LLC acquired a new position in shares of TotalEnergies during the fourth quarter worth $269,000. 16.60% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on TTE. JPMorgan Chase & Co. lowered their target price on shares of TotalEnergies from €58.00 ($60.42) to €56.00 ($58.33) in a research note on Wednesday, April 20th. HSBC upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Thursday, April 21st. Berenberg Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Friday, May 13th. Jefferies Financial Group downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Finally, Zacks Investment Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research note on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, TotalEnergies presently has an average rating of “Hold” and an average price target of $60.86.

NYSE TTE opened at $55.16 on Wednesday. The stock has a market capitalization of $143.78 billion, a P/E ratio of 8.45, a P/E/G ratio of 0.73 and a beta of 0.82. TotalEnergies SE has a 52-week low of $40.33 and a 52-week high of $60.03. The firm has a 50-day moving average price of $50.86 and a 200 day moving average price of $51.91. The company has a quick ratio of 1.00, a current ratio of 1.20 and a debt-to-equity ratio of 0.39.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 12th. Investors of record on Monday, March 21st were issued a dividend of $0.544 per share. The ex-dividend date was Friday, March 18th. This represents a $2.18 annualized dividend and a yield of 3.94%. TotalEnergies’s dividend payout ratio is currently 32.77%.

About TotalEnergies (Get Rating)

TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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