Grove Bank & Trust Lowers Holdings in TotalEnergies SE (NYSE:TTE)

Grove Bank & Trust trimmed its position in TotalEnergies SE (NYSE:TTE) by 30.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,385 shares of the company’s stock after selling 1,053 shares during the quarter. Grove Bank & Trust’s holdings in TotalEnergies were worth $130,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies in the third quarter worth about $26,000. Continuum Advisory LLC increased 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. Boit C F David bought a new stake in shares of TotalEnergies in the third quarter worth about $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies in the third quarter worth about $32,000. Finally, Eastern Bank bought a new stake in shares of TotalEnergies in the third quarter worth about $32,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Up 0.8 %

TTE opened at $59.47 on Tuesday. The stock has a market cap of $140.43 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.96 and a beta of 0.61. The stock’s 50 day moving average price is $56.98 and its 200-day moving average price is $63.48. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTE. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

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.