Kovack Advisors Inc. Trims Stock Position in TotalEnergies SE (NYSE:TTE)

Kovack Advisors Inc. lowered its stake in shares of TotalEnergies SE (NYSE:TTE) by 15.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,334 shares of the company’s stock after selling 979 shares during the period. Kovack Advisors Inc.’s holdings in TotalEnergies were worth $291,000 at the end of the most recent quarter.

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

TotalEnergies Price Performance

NYSE:TTE opened at $60.17 on Friday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock has a 50 day moving average of $58.37 and a two-hundred day moving average of $61.91. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market cap of $144.27 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data 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 return on equity of 15.22% and a net margin of 7.34%. On average, analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Piper Sandler cut their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

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.