Fulton Bank N.A. Buys 14,415 Shares of TotalEnergies SE (NYSE:TTE)

Fulton Bank N.A. grew its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 43.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,318 shares of the company's stock after acquiring an additional 14,415 shares during the quarter. Fulton Bank N.A.'s holdings in TotalEnergies were worth $2,579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC increased its position in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after acquiring an additional 183 shares in the last quarter. Larson Financial Group LLC increased its position in shares of TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company's stock worth $28,000 after acquiring an additional 212 shares in the last quarter. Boit C F David acquired a new stake in shares of TotalEnergies in the 3rd quarter worth about $32,000. Finally, Maryland Capital Advisors Inc. bought a new position in TotalEnergies in the 3rd quarter valued at about $32,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

NYSE TTE traded down $0.17 on Wednesday, hitting $56.84. 1,734,112 shares of the stock traded hands, compared to its average volume of 1,834,402. TotalEnergies SE has a 12 month low of $53.29 and a 12 month 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 business's fifty day moving average is $57.81 and its two-hundred day moving average is $64.12. The firm has a market capitalization of $134.22 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 1.93 and a beta of 0.61.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies's dividend payout ratio (DPR) is presently 34.75%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays upgraded TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. Morgan Stanley restated an "equal weight" rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday. Scotiabank cut 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. UBS Group raised TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. Finally, Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company 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 two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $72.42.

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.