Moody National Bank Trust Division Invests $253,000 in TotalEnergies SE (NYSE:TTE)

Moody National Bank Trust Division bought a new stake in TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,647 shares of the company’s stock, valued at approximately $253,000.

A number of other large investors also recently made changes to their positions in the company. CWA Asset Management Group LLC acquired a new stake in TotalEnergies in the 3rd quarter worth about $823,000. Crossmark Global Holdings Inc. grew its position in shares of TotalEnergies by 48.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after purchasing an additional 54,478 shares in the last quarter. Logan Capital Management Inc. increased its holdings in shares of TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after purchasing an additional 13,331 shares during the period. FMR LLC raised its position in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares in the last quarter. Finally, Equity Investment Corp boosted its stake in shares of TotalEnergies by 2.3% in the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after buying an additional 41,564 shares during the period. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TTE. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Piper Sandler dropped 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. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank dropped their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

TTE stock opened at $57.86 on Thursday. The stock has a market cap of $136.63 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 1.93 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The company has a 50 day simple moving average of $57.20 and a 200 day simple moving average of $63.77. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s payout ratio is 34.75%.

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.