First Bank & Trust Cuts Holdings in TotalEnergies SE (NYSE:TTE)

First Bank & Trust reduced its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 56,435 shares of the company's stock after selling 6,453 shares during the period. First Bank & Trust's holdings in TotalEnergies were worth $3,076,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after buying an additional 1,546,866 shares during the last quarter. Barclays PLC increased its position in shares of TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after acquiring an additional 490,187 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in TotalEnergies by 6,367.4% during the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company's stock worth $23,755,000 after acquiring an additional 361,923 shares during the period. FMR LLC boosted its position in TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Finally, DRW Securities LLC grew 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 period. 16.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

TTE has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Piper Sandler reduced their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Finally, Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Stock Performance

Shares of TotalEnergies stock traded down $0.89 during trading hours on Friday, reaching $60.74. The company had a trading volume of 958,971 shares, compared to its average volume of 1,725,281. The firm has a market cap of $143.42 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.97 and a beta of 0.61. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The business has a fifty day simple moving average of $57.74 and a 200 day simple moving average of $62.17.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently announced 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 dividend payout ratio is presently 36.79%.

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.