TotalEnergies SE (NYSE:TTE) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC lowered its stake in TotalEnergies SE (NYSE:TTE) by 39.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,336 shares of the company’s stock after selling 2,771 shares during the period. IHT Wealth Management LLC’s holdings in TotalEnergies were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Asset Planning Inc acquired a new stake in shares of TotalEnergies in the 4th quarter valued at $31,000. Bernard Wealth Management Corp. acquired a new stake in TotalEnergies in the fourth quarter valued at $32,000. HHM Wealth Advisors LLC boosted its position in shares of TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of TotalEnergies in the 4th quarter valued at about $45,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTE. 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 report on Tuesday, January 7th. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Scotiabank dropped their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.42.

TotalEnergies Stock Up 1.3 %

TTE opened at $60.05 on Monday. The business’s fifty day simple moving average is $60.39 and its 200 day simple moving average is $59.67. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $74.66. The firm has a market cap of $143.97 billion, a P/E ratio of 9.02, a PEG ratio of 0.98 and a beta of 0.45. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

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