First County Bank CT Sells 8,478 Shares of TotalEnergies SE (NYSE:TTE)

First County Bank CT reduced its position in TotalEnergies SE (NYSE:TTE) by 32.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,606 shares of the company’s stock after selling 8,478 shares during the quarter. First County Bank CT’s holdings in TotalEnergies were worth $1,138,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TTE. Larson Financial Group LLC grew its holdings in TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the period. Pathway Financial Advisers LLC acquired a new stake in TotalEnergies during the first quarter worth approximately $29,000. Boit C F David bought a new stake in TotalEnergies in the third quarter worth approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies in the third quarter valued at approximately $32,000. Finally, Eastern Bank bought a new stake in shares of TotalEnergies in the 3rd quarter valued at $32,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

TotalEnergies Stock Performance

NYSE TTE opened at $59.99 on Friday. The company has a fifty day moving average price of $64.98 and a 200-day moving average price of $67.58. The firm has a market cap of $141.65 billion, a price-to-earnings ratio of 8.51, a PEG 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. TotalEnergies SE has a 1 year low of $58.46 and a 1 year high of $74.97.

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.