Ledyard National Bank Boosts Stake in TotalEnergies SE (NYSE:TTE)

Ledyard National Bank raised its position in TotalEnergies SE (NYSE:TTE) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,765 shares of the company’s stock after purchasing an additional 533 shares during the quarter. TotalEnergies accounts for approximately 1.5% of Ledyard National Bank’s portfolio, making the stock its 16th largest holding. Ledyard National Bank’s holdings in TotalEnergies were worth $14,403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Key Financial Inc increased its holdings in TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in shares of TotalEnergies during the 4th quarter valued at about $29,000. Arlington Trust Co LLC acquired a new position in TotalEnergies during the 3rd quarter worth approximately $31,000. Motco boosted its holdings in TotalEnergies by 216.2% in the 3rd quarter. Motco now owns 468 shares of the company’s stock worth $31,000 after acquiring an additional 320 shares during the period. Finally, NewSquare Capital LLC acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $35,000. 13.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TotalEnergies news, Director Se Totalenergies purchased 196,964 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the acquisition, the director now owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

TotalEnergies Stock Down 0.1 %

Shares of TotalEnergies stock traded down $0.07 during trading on Monday, reaching $74.49. The company had a trading volume of 1,499,791 shares, compared to its average volume of 1,697,638. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The firm’s fifty day moving average is $68.94 and its 200-day moving average is $67.24. The company has a market cap of $175.18 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.67 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). The firm had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.41%. During the same quarter in the previous year, the company earned $2.97 EPS. On average, analysts anticipate that TotalEnergies SE will post 9.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler boosted their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Scotiabank increased their price target on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, TotalEnergies currently has an average rating of “Hold” and an average price target of $70.75.

TotalEnergies Company 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.