Truist Financial Corp Sells 7,059 Shares of TotalEnergies SE (NYSE:TTE)

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

Several other institutional investors and hedge funds have also recently made changes to their positions in TTE. FSA Wealth Management LLC bought a new position in shares of TotalEnergies in the third quarter worth approximately $26,000. Continuum Advisory LLC grew its holdings in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc bought a new position in shares of TotalEnergies in the fourth quarter worth approximately $31,000. Eastern Bank bought a new position in shares of TotalEnergies in the third quarter worth approximately $32,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of TotalEnergies in the third quarter worth approximately $32,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $60.92 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $143.85 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.98 and a beta of 0.61. The business has a fifty day simple moving average of $57.53 and a two-hundred day simple moving average of $62.20. 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 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, equities analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 36.04%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Piper Sandler cut their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $72.42.

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.