ZWJ Investment Counsel Inc. Sells 6,205 Shares of TotalEnergies SE (NYSE:TTE)

ZWJ Investment Counsel Inc. cut its holdings in TotalEnergies SE (NYSE:TTE) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,804 shares of the company’s stock after selling 6,205 shares during the period. ZWJ Investment Counsel Inc.’s holdings in TotalEnergies were worth $9,150,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cerity Partners LLC increased its holdings in shares of TotalEnergies by 49.9% in the 4th quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock worth $3,578,000 after buying an additional 17,658 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of TotalEnergies by 219.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock worth $854,000 after buying an additional 8,921 shares during the last quarter. Main Street Research LLC bought a new stake in shares of TotalEnergies in the 3rd quarter worth about $10,979,000. Mariner LLC increased its holdings in shares of TotalEnergies by 9.6% in the 3rd quarter. Mariner LLC now owns 95,857 shares of the company’s stock worth $6,304,000 after buying an additional 8,400 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of TotalEnergies by 12.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,385 shares of the company’s stock worth $1,104,000 after buying an additional 1,792 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TotalEnergies

In related news, Director Se Totalenergies acquired 196,964 shares of the stock in a transaction on Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the transaction, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TTE shares. Piper Sandler upped their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday. Scotiabank upped their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TotalEnergies presently has an average rating of “Hold” and a consensus price target of $70.75.

TotalEnergies Trading Up 1.7 %

NYSE:TTE traded up $1.22 during mid-day trading on Friday, hitting $72.05. 1,361,575 shares of the stock traded hands, compared to its average volume of 1,724,412. The stock has a market capitalization of $169.44 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.71 and a beta of 0.72. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.06. The firm’s 50 day moving average is $67.87 and its two-hundred day moving average is $66.83. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). The company had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same period last year, the firm earned $2.97 earnings per share. On average, equities research analysts predict that TotalEnergies SE will post 9.41 earnings per share for the current year.

TotalEnergies 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.