Grove Bank & Trust Sells 342 Shares of TotalEnergies SE (NYSE:TTE)

Grove Bank & Trust reduced its stake in TotalEnergies SE (NYSE:TTE) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,438 shares of the company’s stock after selling 342 shares during the period. Grove Bank & Trust’s holdings in TotalEnergies were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. North Star Investment Management Corp. grew its position in shares of TotalEnergies by 310.0% during the 1st 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 period. Larson Financial Group LLC boosted its position in shares of TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of TotalEnergies in the 1st quarter valued at $29,000. Creekmur Asset Management LLC acquired a new stake in TotalEnergies during the 4th quarter worth $31,000. Finally, Boit C F David bought a new position in TotalEnergies during the third quarter worth about $32,000. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of TTE opened at $68.11 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $67.85 and its 200 day simple moving average is $69.40. The company has a market cap of $160.84 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 1.86 and a beta of 0.63. TotalEnergies SE has a 1-year low of $62.59 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The business had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same quarter in the prior year, the company earned $1.99 EPS. On average, research analysts forecast that TotalEnergies SE will post 8.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Scotiabank lowered their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Wolfe Research started coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock. UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

About TotalEnergies

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.