Greenleaf Trust Sells 300 Shares of TotalEnergies SE (NYSE:TTE)

Greenleaf Trust cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,301 shares of the company’s stock after selling 300 shares during the quarter. Greenleaf Trust’s holdings in TotalEnergies were worth $779,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its holdings in shares of TotalEnergies by 11.8% during the 4th quarter. DAVENPORT & Co LLC now owns 119,240 shares of the company’s stock worth $6,499,000 after buying an additional 12,579 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of TotalEnergies in the fourth quarter valued at about $345,000. Caprock Group LLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth $589,000. New Wave Wealth Advisors LLC boosted its position in shares of TotalEnergies by 12.1% during the 4th quarter. New Wave Wealth Advisors LLC now owns 5,343 shares of the company’s stock valued at $291,000 after purchasing an additional 577 shares in the last quarter. Finally, BTC Capital Management Inc. grew its holdings in TotalEnergies by 4.5% in the fourth quarter. BTC Capital Management Inc. now owns 36,323 shares of the company’s stock worth $1,971,000 after purchasing an additional 1,558 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TTE shares. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Scotiabank cut their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Up 2.6 %

Shares of TTE stock opened at $59.08 on Wednesday. The stock has a fifty day simple moving average of $56.67 and a two-hundred day simple moving average of $62.67. 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 firm has a market capitalization of $139.50 billion, a PE ratio of 8.38, a PEG ratio of 2.02 and a beta of 0.61.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is currently 34.75%.

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.