Corient Private Wealth LLC Sells 902 Shares of TotalEnergies SE (NYSE:TTE)

Corient Private Wealth LLC reduced its position in shares of TotalEnergies SE (NYSE:TTE) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,018 shares of the company’s stock after selling 902 shares during the quarter. Corient Private Wealth LLC’s holdings in TotalEnergies were worth $7,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans purchased a new position in shares of TotalEnergies during the third quarter valued at $212,000. Pathstone Holdings LLC grew its holdings in TotalEnergies by 4.2% during the 3rd quarter. Pathstone Holdings LLC now owns 59,245 shares of the company’s stock worth $3,832,000 after acquiring an additional 2,403 shares in the last quarter. Prospera Financial Services Inc increased its position in TotalEnergies by 8.4% during the 3rd quarter. Prospera Financial Services Inc now owns 25,234 shares of the company’s stock valued at $1,631,000 after purchasing an additional 1,945 shares during the period. Avior Wealth Management LLC raised its holdings in shares of TotalEnergies by 62.9% in the 3rd quarter. Avior Wealth Management LLC now owns 3,063 shares of the company’s stock valued at $198,000 after purchasing an additional 1,183 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of TotalEnergies by 4.5% in the 3rd quarter. Jennison Associates LLC now owns 456,738 shares of the company’s stock worth $29,514,000 after purchasing an additional 19,822 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Down 0.4 %

TotalEnergies stock opened at $64.02 on Friday. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The stock has a market cap of $153.49 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. 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 stock has a 50-day moving average of $60.23 and a two-hundred day moving average of $61.26.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTE. Piper Sandler cut their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley restated an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.