Ledyard National Bank Has $14.40 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Ledyard National Bank grew its position in TotalEnergies SE (NYSE:TTE) by 0.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 213,765 shares of the company’s stock after buying an additional 533 shares during the period. TotalEnergies makes up 1.5% of Ledyard National Bank’s investment 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.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in TotalEnergies by 27.1% in the third quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock worth $181,848,000 after purchasing an additional 590,372 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of TotalEnergies by 6,549.9% in the 4th quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock worth $33,919,000 after buying an additional 495,826 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of TotalEnergies by 207.8% during the 3rd quarter. HighTower Advisors LLC now owns 667,732 shares of the company’s stock worth $43,934,000 after buying an additional 450,788 shares during the period. Sound Shore Management Inc CT lifted its position in shares of TotalEnergies by 30.2% during the 3rd quarter. Sound Shore Management Inc CT now owns 1,551,641 shares of the company’s stock worth $102,036,000 after buying an additional 359,871 shares during the period. Finally, Barclays PLC grew its position in TotalEnergies by 162.4% in the third quarter. Barclays PLC now owns 430,239 shares of the company’s stock valued at $28,293,000 after acquiring an additional 266,300 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

Insider Activity

In other news, Director Se Totalenergies acquired 196,964 shares of TotalEnergies stock in a transaction on Thursday, March 28th. The shares were purchased at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the acquisition, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a document filed with the SEC, which is available through this link.

TotalEnergies Price Performance

Shares of TTE stock traded down $0.07 during trading hours on Monday, hitting $74.49. 1,499,791 shares of the company’s stock were exchanged, compared to its average volume of 1,697,638. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.97. The stock 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. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. The stock’s 50-day moving average is $68.94 and its 200-day moving average is $67.24.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The company had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a return on equity of 18.41% and a net margin of 9.52%. During the same period in the prior year, the company earned $2.97 EPS. As a group, research analysts forecast that TotalEnergies SE will post 9.32 EPS for the current year.

Analyst Ratings Changes

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

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.