TotalEnergies SE (NYSE:TTE) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC trimmed its position in TotalEnergies SE (NYSE:TTE) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,935 shares of the company’s stock after selling 850 shares during the period. Valeo Financial Advisors LLC’s holdings in TotalEnergies were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TTE. Acadian Asset Management LLC acquired a new position in shares of TotalEnergies in the 1st quarter valued at $98,000. Panagora Asset Management Inc. acquired a new position in shares of TotalEnergies in the 1st quarter valued at $339,000. BlackRock Inc. increased its position in shares of TotalEnergies by 6.8% in the 1st quarter. BlackRock Inc. now owns 809,130 shares of the company’s stock valued at $40,893,000 after acquiring an additional 51,468 shares during the period. Sei Investments Co. increased its position in shares of TotalEnergies by 2.8% in the 1st quarter. Sei Investments Co. now owns 438,146 shares of the company’s stock valued at $22,140,000 after acquiring an additional 11,884 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of TotalEnergies by 18.3% in the 1st quarter. Cetera Investment Advisers now owns 70,526 shares of the company’s stock valued at $3,564,000 after acquiring an additional 10,931 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were purchased at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the transaction, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

TotalEnergies Price Performance

NYSE:TTE opened at $72.49 on Friday. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. The firm has a market cap of $170.48 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.76 and a beta of 0.72. The firm’s fifty day moving average is $67.10 and its two-hundred day moving average is $66.63.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The firm had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. During the same period in the previous year, the company earned $2.97 earnings per share. Research analysts expect that TotalEnergies SE will post 9.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TTE shares. Scotiabank upped their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday. Piper Sandler lowered their price target on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $69.75.

About TotalEnergies

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.