TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Sold by Ledyard National Bank

Ledyard National Bank cut its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 5.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 146,027 shares of the company’s stock after selling 7,771 shares during the quarter. TotalEnergies accounts for 0.9% of Ledyard National Bank’s portfolio, 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 hedge funds also recently modified their holdings of TTE. Franklin Resources Inc. boosted its stake in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after acquiring an additional 1,672,387 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of TotalEnergies during the 1st quarter worth $280,000. Bank of Montreal Can boosted its stake in shares of TotalEnergies by 13.9% during the 4th quarter. Bank of Montreal Can now owns 484,854 shares of the company’s stock worth $26,425,000 after acquiring an additional 59,256 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company’s stock worth $159,000,000 after acquiring an additional 265,251 shares in the last quarter. Finally, Equity Investment Corp boosted its stake in shares of TotalEnergies by 10.5% during the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock worth $112,193,000 after acquiring an additional 196,277 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTE. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Piper Sandler raised their price objective on TotalEnergies from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.36.

TotalEnergies Stock Down 1.9%

NYSE TTE opened at $61.42 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $59.40 and its two-hundred day moving average is $59.08. The company has a market capitalization of $147.27 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.30 and a beta of 0.56. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $71.03.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion for 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 previous year, the firm posted $2.14 earnings per share. Equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be issued a dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date is Wednesday, June 18th. TotalEnergies’s payout ratio is 47.81%.

TotalEnergies 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.