CENTRAL TRUST Co Has $899,000 Stake in TotalEnergies SE (NYSE:TTE)

CENTRAL TRUST Co decreased its holdings in TotalEnergies SE (NYSE:TTE) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,500 shares of the company’s stock after selling 1,672 shares during the quarter. CENTRAL TRUST Co’s holdings in TotalEnergies were worth $899,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TTE. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies during the third quarter worth $26,000. Continuum Advisory LLC grew its stake in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares during the period. Boit C F David acquired a new position in TotalEnergies in the third quarter valued at about $32,000. Maryland Capital Advisors Inc. acquired a new position in shares of TotalEnergies during the third quarter worth about $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies during the third quarter worth about $32,000. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TTE shares. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Scotiabank decreased their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Piper Sandler reduced their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Down 0.8 %

Shares of TTE opened at $57.59 on Tuesday. The stock has a market capitalization of $136.00 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 2.02 and a beta of 0.61. 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 SE has a 52 week low of $53.29 and a 52 week high of $74.97. The stock has a fifty day moving average of $56.64 and a 200-day moving average of $62.74.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.04%.

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.