Sequoia Financial Advisors LLC Sells 3,478 Shares of TotalEnergies SE (NYSE:TTE)

Sequoia Financial Advisors LLC reduced its stake in TotalEnergies SE (NYSE:TTE) by 18.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,584 shares of the company’s stock after selling 3,478 shares during the period. Sequoia Financial Advisors LLC’s holdings in TotalEnergies were worth $849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in TotalEnergies in the 3rd quarter valued at $26,000. Continuum Advisory LLC increased its holdings in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares during the last quarter. Asset Planning Inc bought a new stake in TotalEnergies in the 4th quarter valued at $31,000. HHM Wealth Advisors LLC grew its stake in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after buying an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of TotalEnergies in the 4th quarter worth $45,000. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler dropped their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. 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 data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

TTE stock opened at $62.81 on Monday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. 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 company has a 50-day moving average price of $59.69 and a 200 day moving average price of $61.31. The stock has a market cap of $150.59 billion, a PE ratio of 9.43, a P/E/G ratio of 0.98 and a beta of 0.56.

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

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.