TotalEnergies SE (NYSE:TTE) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lessened its stake in TotalEnergies SE (NYSE:TTE) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,991 shares of the company’s stock after selling 997 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in TotalEnergies were worth $1,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TTE. Barclays PLC lifted its holdings in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of TotalEnergies by 0.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,035 shares of the company’s stock worth $2,890,000 after purchasing an additional 457 shares during the last quarter. Moody National Bank Trust Division bought a new stake in shares of TotalEnergies during the 4th quarter valued at about $253,000. Marcum Wealth LLC grew its position in shares of TotalEnergies by 9.0% during the 4th quarter. Marcum Wealth LLC now owns 4,321 shares of the company’s stock valued at $235,000 after buying an additional 355 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of TotalEnergies by 22.5% during the 4th quarter. Park Avenue Securities LLC now owns 33,230 shares of the company’s stock valued at $1,811,000 after buying an additional 6,114 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE opened at $59.85 on Wednesday. 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’s fifty day moving average is $59.81 and its 200-day moving average is $59.10. The firm has a market cap of $143.50 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $74.21.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The firm had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. During the same period in the prior year, the company posted $2.14 earnings per share. Equities analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Scotiabank cut their target price on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Morgan Stanley raised TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 target price for the company in a report on Monday. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Finally, BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.36.

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.