TotalEnergies SE (NYSE:TTE) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 412,749 shares of the company's stock after selling 7,059 shares during the quarter. Truist Financial Corp's holdings in TotalEnergies were worth $22,495,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its holdings in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after purchasing an additional 1,546,866 shares during the last quarter. Barclays PLC increased its position in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after buying an additional 490,187 shares in the last quarter. International Assets Investment Management LLC raised its stake in TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company's stock valued at $23,755,000 after buying an additional 361,923 shares during the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC grew its stake in shares of TotalEnergies by 134.5% during the third quarter. DRW Securities LLC now owns 64,209 shares of the company's stock worth $4,149,000 after acquiring an additional 250,427 shares during the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Performance

TTE traded down $0.95 during trading on Friday, reaching $60.67. 580,300 shares of the company's stock were exchanged, compared to its average volume of 1,712,391. TotalEnergies SE has a 1 year low of $53.29 and a 1 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 stock has a market capitalization of $143.27 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 0.97 and a beta of 0.61. The company's fifty day simple moving average is $57.64 and its 200-day simple moving average is $62.20.

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

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies's dividend payout ratio (DPR) is presently 36.04%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Six equities research 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. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average target price of $72.42.

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.