Annex Advisory Services LLC Trims Stake in TotalEnergies SE (NYSE:TTE)

Annex Advisory Services LLC cut its position in shares of TotalEnergies SE (NYSE:TTE) by 95.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,762 shares of the company’s stock after selling 71,975 shares during the period. Annex Advisory Services LLC’s holdings in TotalEnergies were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Asset Planning Inc purchased a new position in shares of TotalEnergies during the fourth quarter valued at $31,000. Financial Management Professionals Inc. grew its holdings in TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after acquiring an additional 192 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in TotalEnergies during the 4th quarter valued at about $32,000. Stonebridge Financial Group LLC purchased a new position in TotalEnergies during the 4th quarter valued at about $49,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of TotalEnergies by 108.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company’s stock worth $65,000 after purchasing an additional 617 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTE has been the topic of several research reports. Scotiabank cut their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Piper Sandler boosted their price target on TotalEnergies from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. HSBC reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Finally, Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

TotalEnergies Stock Up 0.1%

Shares of TTE stock opened at $59.32 on Friday. The stock’s fifty day moving average price is $58.29 and its 200 day moving average price is $58.75. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $71.03. The company has a market cap of $142.23 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. 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 (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share 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 business had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same period in the prior year, the business posted $2.14 EPS. On average, research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Company 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.