Grove Bank & Trust Sells 342 Shares of TotalEnergies SE (NYSE:TTE)

Grove Bank & Trust cut its position in TotalEnergies SE (NYSE:TTE) by 9.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,438 shares of the company’s stock after selling 342 shares during the quarter. Grove Bank & Trust’s holdings in TotalEnergies were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTE. North Star Investment Management Corp. lifted its holdings in shares of TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after buying an additional 310 shares in the last quarter. Larson Financial Group LLC raised its stake in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in TotalEnergies in the 1st quarter valued at about $29,000. Creekmur Asset Management LLC bought a new position in shares of TotalEnergies during the fourth quarter worth approximately $31,000. Finally, Boit C F David acquired a new stake in shares of TotalEnergies in the third quarter valued at approximately $32,000. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Down 0.2 %

Shares of NYSE TTE opened at $68.11 on Tuesday. The company has a market cap of $160.84 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 1.86 and a beta of 0.63. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a 12 month low of $62.59 and a 12 month high of $74.97. The stock has a 50-day moving average price of $67.85 and a two-hundred day moving average price of $69.40.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The company had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. During the same quarter in the prior year, the company earned $1.99 earnings per share. As a group, analysts forecast that TotalEnergies SE will post 8.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of recent research reports. Scotiabank lowered their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, Wolfe Research initiated coverage on shares of TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target for the company. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $78.75.

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.