Strategic Advisors LLC Lowers Position in TotalEnergies SE (NYSE:TTE)

Strategic Advisors LLC lessened its holdings in TotalEnergies SE (NYSE:TTE) by 26.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,057 shares of the company’s stock after selling 1,465 shares during the quarter. Strategic Advisors LLC’s holdings in TotalEnergies were worth $279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Key Financial Inc raised its position in TotalEnergies by 139.0% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in TotalEnergies during the fourth quarter valued at about $29,000. Frazier Financial Advisors LLC purchased a new stake in TotalEnergies during the fourth quarter valued at about $30,000. Tower Research Capital LLC TRC purchased a new stake in TotalEnergies during the fourth quarter valued at about $31,000. Finally, Creekmur Asset Management LLC purchased a new stake in TotalEnergies during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Trading Up 0.8 %

Shares of TTE traded up $0.59 during trading hours on Friday, hitting $70.56. The company had a trading volume of 327,932 shares, compared to its average volume of 1,540,335. The firm has a market cap of $166.62 billion, a P/E ratio of 7.90, a P/E/G ratio of 1.75 and a beta of 0.64. The stock’s 50 day moving average price is $70.40 and its 200 day moving average price is $68.36. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last posted its earnings results on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.18. The company had revenue of $56.28 billion for the quarter, compared to analysts’ expectations of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. On average, research analysts predict that TotalEnergies SE will post 9.16 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Scotiabank lifted their price objective on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler lifted their price objective on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.75.

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.