TotalEnergies SE (NYSE:TTE) Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. raised its stake in shares of TotalEnergies SE (NYSE:TTE) by 43.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 47,318 shares of the company’s stock after acquiring an additional 14,415 shares during the quarter. Fulton Bank N.A.’s holdings in TotalEnergies were worth $2,579,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TTE. FSA Wealth Management LLC purchased a new position in TotalEnergies in the 3rd quarter valued at about $26,000. Larson Financial Group LLC boosted its stake in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the last quarter. Continuum Advisory LLC increased its position in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Boit C F David acquired a new position in TotalEnergies in the 3rd quarter valued at $32,000. Finally, Maryland Capital Advisors Inc. purchased a new position in TotalEnergies in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TTE shares. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Down 0.7 %

Shares of NYSE TTE traded down $0.38 during mid-day trading on Wednesday, reaching $56.63. 789,195 shares of the company’s stock were exchanged, compared to its average volume of 1,633,444. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The firm has a market capitalization of $133.73 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.93 and a beta of 0.61. The company’s 50-day moving average is $57.81 and its 200-day moving average is $64.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s payout ratio is 34.75%.

About TotalEnergies

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.