Ledyard National Bank Has $9.03 Million Position in TotalEnergies SE Sponsored ADR $TTE

Ledyard National Bank cut its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,140 shares of the company’s stock after selling 6,546 shares during the quarter. Ledyard National Bank’s holdings in TotalEnergies were worth $9,031,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Robinswood Financial LLC bought a new position in shares of TotalEnergies during the 1st quarter worth about $27,000. Elyxium Wealth LLC bought a new stake in TotalEnergies in the 4th quarter valued at about $33,000. SHP Wealth Management acquired a new position in TotalEnergies during the 4th quarter worth approximately $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in TotalEnergies during the 4th quarter worth approximately $38,000. Finally, Maseco LLP boosted its holdings in TotalEnergies by 119.9% in the first quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after acquiring an additional 229 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on TTE. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Finally, Scotiabank increased their price objective on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus price target of $87.14.

TotalEnergies Trading Down 0.4%

Shares of TTE stock opened at $87.61 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. The company has a market capitalization of $210.06 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 3.10 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The company has a 50-day simple moving average of $82.98 and a two-hundred day simple moving average of $84.16.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The business had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current fiscal year.

TotalEnergies Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.