Ledyard National Bank Sells 47,407 Shares of TotalEnergies SE (NYSE:TTE)

Ledyard National Bank lessened its stake in TotalEnergies SE (NYSE:TTE) by 23.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 153,798 shares of the company’s stock after selling 47,407 shares during the period. Ledyard National Bank’s holdings in TotalEnergies were worth $8,382,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TTE. Silver Oak Securities Incorporated acquired a new position in shares of TotalEnergies in the fourth quarter worth approximately $296,000. Adero Partners LLC acquired a new position in shares of TotalEnergies in the 4th quarter worth approximately $205,000. Robertson Stephens Wealth Management LLC boosted its stake in shares of TotalEnergies by 11.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 14,022 shares of the company’s stock valued at $776,000 after purchasing an additional 1,482 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of TotalEnergies by 109.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 13,575 shares of the company’s stock worth $740,000 after buying an additional 7,084 shares during the period. Finally, Yousif Capital Management LLC raised its stake in TotalEnergies by 63.4% during the fourth quarter. Yousif Capital Management LLC now owns 60,082 shares of the company’s stock worth $3,274,000 after buying an additional 23,315 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Scotiabank lowered their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Up 1.0 %

Shares of TotalEnergies stock opened at $60.90 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The stock has a 50 day moving average price of $56.81 and a two-hundred day moving average price of $62.64. The stock has a market capitalization of $143.81 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. As a group, equities analysts anticipate that TotalEnergies SE will post 7.73 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is presently 34.04%.

TotalEnergies 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.