Moody National Bank Trust Division Invests $253,000 in TotalEnergies SE (NYSE:TTE)

Moody National Bank Trust Division acquired a new stake in TotalEnergies SE (NYSE:TTE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,647 shares of the company's stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in TotalEnergies during the 3rd quarter worth $26,000. Continuum Advisory LLC lifted its holdings in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after purchasing an additional 183 shares during the period. Boit C F David bought a new position in TotalEnergies in the 3rd quarter valued at about $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies during the 3rd quarter valued at about $32,000. Finally, Eastern Bank bought a new stake in shares of TotalEnergies during the 3rd quarter worth about $32,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of NYSE TTE traded up $1.38 during mid-day trading on Thursday, reaching $59.06. The company had a trading volume of 6,078,973 shares, compared to its average volume of 2,283,677. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The stock has a market cap of $139.47 billion, a PE ratio of 8.38, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $57.12 and a two-hundred day moving average price of $63.73.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies's payout ratio is 34.75%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TTE. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. UBS Group raised TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised TotalEnergies to a "hold" rating in a research note on Thursday, October 3rd. Morgan Stanley reaffirmed an "equal weight" rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.