TotalEnergies SE (NYSE:TTE) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC reduced its position in shares of TotalEnergies SE (NYSE:TTE) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,023 shares of the company’s stock after selling 2,480 shares during the period. NewEdge Wealth LLC’s holdings in TotalEnergies were worth $1,963,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TTE. Wealth Enhancement Advisory Services LLC raised its holdings in TotalEnergies by 67.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 52,578 shares of the company’s stock valued at $3,398,000 after acquiring an additional 21,172 shares in the last quarter. HM Payson & Co. raised its holdings in TotalEnergies by 49.4% in the third quarter. HM Payson & Co. now owns 3,460 shares of the company’s stock valued at $224,000 after acquiring an additional 1,144 shares in the last quarter. US Bancorp DE raised its holdings in TotalEnergies by 1.2% in the third quarter. US Bancorp DE now owns 86,077 shares of the company’s stock valued at $5,562,000 after acquiring an additional 1,014 shares in the last quarter. Weatherly Asset Management L. P. raised its holdings in TotalEnergies by 8.7% in the third quarter. Weatherly Asset Management L. P. now owns 74,188 shares of the company’s stock valued at $4,854,000 after acquiring an additional 5,935 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its holdings in TotalEnergies by 1.3% in the third quarter. Princeton Global Asset Management LLC now owns 41,970 shares of the company’s stock valued at $2,712,000 after acquiring an additional 548 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TTE. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Piper Sandler cut their price target 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 raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Up 0.2 %

Shares of NYSE:TTE opened at $60.17 on Friday. The stock has a market capitalization of $144.27 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company’s fifty day moving average is $58.37 and its two-hundred day moving average is $61.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping 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%. Equities analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current 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.