First County Bank CT Decreases Holdings in TotalEnergies SE (NYSE:TTE)

First County Bank CT decreased its stake in TotalEnergies SE (NYSE:TTE) by 32.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,606 shares of the company’s stock after selling 8,478 shares during the period. First County Bank CT’s holdings in TotalEnergies were worth $1,138,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in TotalEnergies by 6,367.4% in the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after acquiring an additional 361,923 shares during the period. Generate Investment Management Ltd purchased a new stake in shares of TotalEnergies during the 2nd quarter valued at approximately $13,306,000. Mediolanum International Funds Ltd bought a new position in TotalEnergies in the 3rd quarter worth approximately $11,504,000. Allspring Global Investments Holdings LLC boosted its holdings in TotalEnergies by 316.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock worth $14,784,000 after buying an additional 173,810 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in TotalEnergies in the 2nd quarter valued at approximately $9,176,000. 13.22% of the stock is owned by institutional investors.

TotalEnergies Trading Down 0.9 %

Shares of TTE opened at $59.99 on Friday. TotalEnergies SE has a 1-year low of $58.46 and a 1-year high of $74.97. The company has a market capitalization of $141.65 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.97 and a beta of 0.64. 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 firm’s 50 day simple moving average is $64.98 and its 200 day simple moving average is $67.58.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Scotiabank lowered their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $78.75.

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.