First Bank & Trust Sells 6,453 Shares of TotalEnergies SE (NYSE:TTE)

First Bank & Trust lessened its holdings in TotalEnergies SE (NYSE:TTE) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,435 shares of the company’s stock after selling 6,453 shares during the quarter. First Bank & Trust’s holdings in TotalEnergies were worth $3,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Wealth Alliance grew its stake in shares of TotalEnergies by 20.4% during the 4th quarter. Wealth Alliance now owns 25,253 shares of the company’s stock worth $1,376,000 after acquiring an additional 4,284 shares during the period. Sunpointe LLC grew its stake in shares of TotalEnergies by 15.2% during the 4th quarter. Sunpointe LLC now owns 6,755 shares of the company’s stock worth $374,000 after acquiring an additional 892 shares during the period. Good Life Advisors LLC grew its stake in shares of TotalEnergies by 10.7% during the 4th quarter. Good Life Advisors LLC now owns 8,532 shares of the company’s stock worth $465,000 after acquiring an additional 823 shares during the period. Timber Creek Capital Management LLC grew its stake in shares of TotalEnergies by 1.1% during the 4th quarter. Timber Creek Capital Management LLC now owns 107,821 shares of the company’s stock worth $5,876,000 after acquiring an additional 1,200 shares during the period. Finally, Allied Investment Advisors LLC grew its stake in shares of TotalEnergies by 2.4% during the 4th quarter. Allied Investment Advisors LLC now owns 156,172 shares of the company’s stock worth $8,511,000 after acquiring an additional 3,594 shares during the period. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TTE. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Piper Sandler dropped their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

NYSE:TTE opened at $60.92 on Thursday. The business’s 50-day moving average price is $57.53 and its two-hundred day moving average price is $62.20. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The stock has a market cap of $143.85 billion, a P/E ratio of 9.15, a PEG ratio of 0.99 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

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

TotalEnergies Cuts Dividend

The company also recently disclosed 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 was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is 36.04%.

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.