Fulton Bank N.A. Has $2.13 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Fulton Bank N.A. lessened its holdings in TotalEnergies SE (NYSE:TTE) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,903 shares of the company’s stock after selling 3,642 shares during the period. Fulton Bank N.A.’s holdings in TotalEnergies were worth $2,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. North Star Investment Management Corp. boosted its position in TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after purchasing an additional 310 shares during the last quarter. Larson Financial Group LLC boosted its position in TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in TotalEnergies during the first quarter valued at $29,000. Creekmur Asset Management LLC acquired a new stake in TotalEnergies during the fourth quarter valued at $31,000. Finally, New Covenant Trust Company N.A. acquired a new stake in TotalEnergies during the first quarter valued at $38,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Up 1.2 %

TotalEnergies stock opened at $69.44 on Tuesday. TotalEnergies SE has a 52 week low of $62.59 and a 52 week high of $74.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The firm has a market capitalization of $163.98 billion, a PE ratio of 7.84, a PEG ratio of 1.83 and a beta of 0.63. The business’s 50-day simple moving average is $67.67 and its 200-day simple moving average is $69.39.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results 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 firm had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. During the same quarter in the prior year, the firm earned $1.99 earnings per share. Equities research analysts forecast that TotalEnergies SE will post 8.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wolfe Research began coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, Scotiabank cut their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

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.