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

Ledyard National Bank cut its stake in shares of TotalEnergies SE (NYSE:TTE) by 23.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 hedge funds have also recently bought and sold shares of the company. Silver Oak Securities Incorporated purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $296,000. Adero Partners LLC bought a new stake in TotalEnergies in the 4th quarter worth about $205,000. Robertson Stephens Wealth Management LLC increased its stake in 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 buying an additional 1,482 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of TotalEnergies by 109.1% during the 4th 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 in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of TotalEnergies by 63.4% in the 4th 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. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on TTE shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Scotiabank lowered their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Piper Sandler dropped their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Trading Up 1.0 %

Shares of TotalEnergies stock opened at $60.90 on Friday. The stock has a market capitalization of $143.81 billion, a P/E ratio of 8.64, a P/E/G ratio of 2.02 and a beta of 0.61. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. 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’s 50-day simple moving average is $56.81 and its 200 day simple moving average is $62.64.

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, research analysts anticipate that TotalEnergies SE will post 7.73 EPS for the current year.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 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.