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

United Capital Financial Advisors LLC trimmed its holdings in TotalEnergies SE (NYSE:TTE) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,644 shares of the company’s stock after selling 996 shares during the period. United Capital Financial Advisors LLC’s holdings in TotalEnergies were worth $1,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mariner LLC increased its position in TotalEnergies by 10.0% during the fourth quarter. Mariner LLC now owns 162,738 shares of the company’s stock worth $8,869,000 after purchasing an additional 14,750 shares during the last quarter. Synovus Financial Corp grew its position in TotalEnergies by 0.3% during the fourth quarter. Synovus Financial Corp now owns 92,517 shares of the company’s stock valued at $5,042,000 after acquiring an additional 265 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in TotalEnergies during the fourth quarter worth about $636,000. Townsquare Capital LLC raised its holdings in shares of TotalEnergies by 13.1% in the 4th quarter. Townsquare Capital LLC now owns 27,554 shares of the company’s stock worth $1,502,000 after purchasing an additional 3,193 shares during the period. Finally, Monetary Management Group Inc. lifted its stake in shares of TotalEnergies by 2.5% in the 4th quarter. Monetary Management Group Inc. now owns 10,375 shares of the company’s stock valued at $565,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TTE. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Morgan Stanley restated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Scotiabank lowered their target price on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.42.

TotalEnergies Stock Up 1.0 %

Shares of NYSE TTE opened at $58.39 on Friday. 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 SE has a 1 year low of $52.78 and a 1 year high of $74.97. The stock’s 50-day simple moving average is $60.61 and its 200-day simple moving average is $60.05. The firm has a market cap of $140.00 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (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%. As a group, equities analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

TotalEnergies 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.