TotalEnergies SE (NYSE:TTE) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP reduced its position in shares of TotalEnergies SE (NYSE:TTE) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,409 shares of the company’s stock after selling 1,062 shares during the period. Mission Wealth Management LP’s holdings in TotalEnergies were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TTE. FSA Wealth Management LLC acquired a new position in shares of TotalEnergies during the third quarter worth $26,000. Continuum Advisory LLC lifted its position in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Asset Planning Inc acquired a new position in shares of TotalEnergies during the fourth quarter worth $31,000. HHM Wealth Advisors LLC lifted its position in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc bought a new stake in shares of TotalEnergies in the fourth quarter worth $45,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Up 1.9 %

TTE stock opened at $61.02 on Thursday. 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 $53.29 and a 1-year high of $74.97. The firm has a fifty day moving average price of $58.73 and a two-hundred day moving average price of $61.75. The firm has a market cap of $146.32 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Research analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on TTE shares. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.42.

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.