Ledyard National Bank lowered its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,027 shares of the company's stock after selling 7,771 shares during the period. TotalEnergies comprises 0.9% of Ledyard National Bank's holdings, making the stock its 29th largest position. Ledyard National Bank's holdings in TotalEnergies were worth $9,446,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in TTE. Financial Management Professionals Inc. grew its stake in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after acquiring an additional 192 shares in the last quarter. Inlight Wealth Management LLC bought a new position in TotalEnergies in the first quarter valued at $32,000. Bernard Wealth Management Corp. bought a new position in TotalEnergies in the fourth quarter valued at $32,000. Opal Wealth Advisors LLC acquired a new stake in TotalEnergies in the 1st quarter valued at $65,000. Finally, General Partner Inc. bought a new stake in TotalEnergies during the 1st quarter worth about $65,000. Institutional investors own 16.53% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on TTE shares. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a research report on Monday, May 12th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Piper Sandler upped their price target on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Finally, Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.36.
Get Our Latest Report on TTE
TotalEnergies Stock Performance
Shares of NYSE:TTE traded down $0.59 on Tuesday, reaching $60.69. 2,094,876 shares of the company's stock were exchanged, compared to its average volume of 1,657,158. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $71.03. The company has a fifty day moving average of $59.40 and a 200-day moving average of $59.08. The company has a market capitalization of $145.52 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.30 and a beta of 0.56.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. During the same period in the prior year, the firm earned $2.14 earnings per share. On average, research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.
TotalEnergies Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be given a dividend of $0.7108 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's dividend payout ratio is 57.24%.
TotalEnergies Company Profile
(
Free Report)
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.
Further Reading
Before you consider TotalEnergies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TotalEnergies wasn't on the list.
While TotalEnergies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
