Fulton Bank N.A. Acquires 14,415 Shares of TotalEnergies SE (NYSE:TTE)

Fulton Bank N.A. lifted its holdings in TotalEnergies SE (NYSE:TTE) by 43.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,318 shares of the company’s stock after purchasing an additional 14,415 shares during the period. Fulton Bank N.A.’s holdings in TotalEnergies were worth $2,579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after acquiring an additional 324,033 shares in the last quarter. Franklin Resources Inc. raised its holdings in TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares in the last quarter. Raymond James & Associates lifted its position in shares of TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after buying an additional 13,022 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of TotalEnergies by 4.9% during the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after buying an additional 106,347 shares during the last quarter. Finally, Equity Investment Corp boosted its holdings in shares of TotalEnergies by 2.3% in the 3rd 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 in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

TotalEnergies stock traded down $0.38 during mid-day trading on Wednesday, hitting $56.63. The company had a trading volume of 789,195 shares, compared to its average volume of 1,633,444. The company has a market capitalization of $133.73 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 1.93 and a beta of 0.61. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The company’s fifty day moving average is $57.81 and its 200-day moving average is $64.12. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39.

TotalEnergies Cuts Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Piper Sandler decreased their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Scotiabank dropped their price objective 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. Finally, TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, TotalEnergies presently 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.