TotalEnergies SE (NYSE:TTE) Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group reduced its stake in shares of TotalEnergies SE (NYSE:TTE) by 4.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,295 shares of the company’s stock after selling 477 shares during the quarter. Rehmann Capital Advisory Group’s holdings in TotalEnergies were worth $616,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Asset Planning Inc acquired a new stake in TotalEnergies during the fourth quarter worth about $31,000. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies in the 4th quarter worth approximately $32,000. HHM Wealth Advisors LLC grew its stake 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 purchasing an additional 400 shares during the period. Versant Capital Management Inc purchased a new position in shares of TotalEnergies during the 4th quarter valued at approximately $45,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

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

TotalEnergies Stock Performance

NYSE TTE opened at $57.75 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $74.43. The company has a market cap of $138.46 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The stock’s 50 day simple moving average is $60.17 and its 200-day simple moving average is $59.51.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The firm had revenue of $47.90 billion during the quarter, compared to analysts’ expectations of $41.23 billion. During the same quarter in the previous year, the business posted $2.14 EPS. 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.