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

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC lifted its holdings in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after buying an additional 183 shares in the last quarter. Maryland Capital Advisors Inc. bought a new position in TotalEnergies in the 3rd quarter valued at $32,000. Eastern Bank acquired a new stake in shares of TotalEnergies in the 3rd quarter valued at $32,000. Finally, HHM Wealth Advisors LLC raised its position in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Piper Sandler decreased their price target on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Trading Down 1.0 %

TTE traded down $0.60 during mid-day trading on Monday, hitting $60.18. The stock had a trading volume of 750,185 shares, compared to its average volume of 1,821,144. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The firm has a market capitalization of $142.11 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. 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 stock's fifty day simple moving average is $56.87 and its 200-day simple moving average is $62.52.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, research analysts forecast that TotalEnergies SE will post 7.92 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently declared 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 36.04%.

TotalEnergies Company 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.