Cary Street Partners Investment Advisory LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE – Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,940 shares of the company’s stock after selling 344 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in TotalEnergies were worth $400,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. BDO Wealth Advisors LLC lifted its holdings in TotalEnergies by 509.3% in the 2nd quarter. BDO Wealth Advisors LLC now owns 457 shares of the company’s stock worth $26,000 after buying an additional 382 shares during the period. Sandy Spring Bank bought a new stake in TotalEnergies in the first quarter valued at $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in TotalEnergies by 584.1% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 403 shares during the period. Larson Financial Group LLC increased its position in TotalEnergies by 428.7% during the 1st quarter. Larson Financial Group LLC now owns 534 shares of the company’s stock valued at $32,000 after purchasing an additional 433 shares during the period. Finally, Fortis Capital Advisors LLC bought a new position in TotalEnergies in the 4th quarter worth $32,000. 6.53% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on TTE. Citigroup began coverage on shares of TotalEnergies in a research note on Wednesday, August 30th. They set a “neutral” rating on the stock. TD Cowen reduced their target price on TotalEnergies from $59.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, August 17th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $64.50.
TotalEnergies Price Performance
Shares of NYSE TTE opened at $68.60 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 1.15. The company has a 50 day simple moving average of $66.03 and a two-hundred day simple moving average of $62.07. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $68.99. The company has a market capitalization of $168.38 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 0.73 and a beta of 0.74.
TotalEnergies (NYSE:TTE – Get Free Report) last released its earnings results on Thursday, October 26th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.50 by $0.13. TotalEnergies had a return on equity of 21.81% and a net margin of 8.10%. The business had revenue of $59.02 billion for the quarter, compared to the consensus estimate of $41.84 billion. Analysts expect that TotalEnergies SE will post 9.76 EPS for the current fiscal year.
TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.
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