TotalEnergies SE (NYSE:TTE) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lowered its stake in shares of TotalEnergies SE (NYSE:TTE) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,481 shares of the company’s stock after selling 270 shares during the quarter. Financial Counselors Inc.’s holdings in TotalEnergies were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in TotalEnergies during the 3rd quarter worth $26,000. Continuum Advisory LLC increased its position in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of TotalEnergies in the 4th quarter valued at about $31,000. HHM Wealth Advisors LLC boosted its position in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in shares of TotalEnergies in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $64.27 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $60.96 and a 200 day moving average price of $61.13. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The company has a market cap of $154.11 billion, a P/E ratio of 9.65, a PEG ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results 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 return on equity of 15.22% and a net margin of 7.34%. Research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTE. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.