Truist Financial Corp Lowers Holdings in TotalEnergies SE (NYSE:TTE)

Truist Financial Corp lessened its stake in TotalEnergies SE (NYSE:TTE) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 412,749 shares of the company’s stock after selling 7,059 shares during the quarter. Truist Financial Corp’s holdings in TotalEnergies were worth $22,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. CIBC Asset Management Inc raised its position in TotalEnergies by 15.7% in the 4th quarter. CIBC Asset Management Inc now owns 59,100 shares of the company’s stock worth $3,221,000 after buying an additional 8,000 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its position in TotalEnergies by 15.1% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 23,521 shares of the company’s stock worth $1,282,000 after buying an additional 3,080 shares during the last quarter. Americana Partners LLC raised its position in TotalEnergies by 1,164.7% in the 4th quarter. Americana Partners LLC now owns 85,694 shares of the company’s stock worth $4,670,000 after buying an additional 78,918 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in TotalEnergies by 24.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 5,880 shares of the company’s stock worth $320,000 after buying an additional 1,139 shares during the last quarter. Finally, Allworth Financial LP raised its position in TotalEnergies by 27.5% in the 4th quarter. Allworth Financial LP now owns 5,294 shares of the company’s stock worth $308,000 after buying an additional 1,143 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 1.4 %

Shares of NYSE:TTE opened at $60.92 on Thursday. The stock has a 50 day moving average of $57.53 and a 200 day moving average of $62.20. The company has a market cap of $143.85 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, equities research analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were paid a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 36.04%.

Wall Street Analyst Weigh In

TTE has been the subject of a number of recent analyst reports. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler cut their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley restated an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

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.