IHT Wealth Management LLC Sells 2,771 Shares of TotalEnergies SE (NYSE:TTE)

IHT Wealth Management LLC reduced its position in shares of TotalEnergies SE (NYSE:TTE) by 39.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,336 shares of the company’s stock after selling 2,771 shares during the quarter. IHT Wealth Management LLC’s holdings in TotalEnergies were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Apollon Wealth Management LLC lifted its stake in TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock worth $242,000 after acquiring an additional 174 shares during the period. First Horizon Advisors Inc. lifted its position in shares of TotalEnergies by 9.1% in the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock worth $121,000 after purchasing an additional 184 shares during the period. FSM Wealth Advisors LLC boosted its stake in shares of TotalEnergies by 3.4% during the fourth quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company’s stock valued at $333,000 after purchasing an additional 187 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in TotalEnergies by 4.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,889 shares of the company’s stock valued at $266,000 after buying an additional 207 shares during the period. Finally, Cetera Trust Company N.A raised its stake in TotalEnergies by 5.7% in the fourth quarter. Cetera Trust Company N.A now owns 4,090 shares of the company’s stock worth $223,000 after buying an additional 220 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Scotiabank decreased their target price on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.42.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $60.05 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market cap of $143.97 billion, a PE ratio of 9.02, a PEG ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a one year low of $52.78 and a one year high of $74.66. The firm has a fifty day moving average of $60.39 and a 200 day moving average of $59.67.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, research analysts predict that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

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.