TotalEnergies SE (NYSE:TTE) Shares Sold by First County Bank CT

First County Bank CT trimmed its holdings in TotalEnergies SE (NYSE:TTE) by 14.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,084 shares of the company’s stock after selling 4,494 shares during the period. TotalEnergies comprises approximately 0.9% of First County Bank CT’s holdings, making the stock its 29th largest holding. First County Bank CT’s holdings in TotalEnergies were worth $1,739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. North Star Investment Management Corp. increased its stake in shares of TotalEnergies by 310.0% in the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after buying an additional 310 shares during the last quarter. Larson Financial Group LLC grew its holdings in TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of TotalEnergies in the 1st quarter worth about $29,000. Creekmur Asset Management LLC acquired a new stake in shares of TotalEnergies in the 4th quarter valued at about $31,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of TotalEnergies during the first quarter worth about $38,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $65.70 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $67.80 and a 200 day simple moving average of $69.41. TotalEnergies SE has a fifty-two week low of $62.28 and a fifty-two week high of $74.97. The company has a market cap of $155.13 billion, a PE ratio of 7.41, a P/E/G ratio of 1.85 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). The company had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period last year, the company posted $1.99 earnings per share. On average, sell-side analysts anticipate that TotalEnergies SE will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TTE shares. Wolfe Research began coverage on TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company. TD Cowen boosted their price target on TotalEnergies from $72.00 to $74.00 and gave the company a “buy” rating in a report on Friday. Finally, Scotiabank reduced their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $80.00.

TotalEnergies 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.