Ledyard National Bank Sells 6,546 Shares of TotalEnergies SE Sponsored ADR $TTE

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

A number of other institutional investors have also recently added to or reduced their stakes in the business. Robinswood Financial LLC acquired a new position in TotalEnergies in the 1st quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new position in shares of TotalEnergies during the fourth quarter worth $33,000. SHP Wealth Management bought a new stake in shares of TotalEnergies in the fourth quarter worth $37,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of TotalEnergies in the fourth quarter worth $38,000. Finally, Maseco LLP increased its holdings in TotalEnergies by 119.9% in the first quarter. Maseco LLP now owns 420 shares of the company’s stock valued at $38,000 after purchasing an additional 229 shares during the period. 16.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, CICC Research started coverage on TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Eleven investment 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.14.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $87.61 on Thursday. The business has a 50-day moving average price of $82.98 and a two-hundred day moving average price of $84.16. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market cap of $210.06 billion, a P/E ratio of 10.96, a PEG ratio of 3.10 and a beta of 0.14.

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

TotalEnergies Company 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.