Marcum Wealth LLC Sells 429 Shares of TotalEnergies SE (NYSE:TTE)

Marcum Wealth LLC reduced its position in TotalEnergies SE (NYSE:TTE) by 9.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,939 shares of the company’s stock after selling 429 shares during the period. Marcum Wealth LLC’s holdings in TotalEnergies were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TTE. Pinnacle Financial Partners Inc purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $210,000. Trust Point Inc. purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $419,000. Ballentine Partners LLC raised its position in shares of TotalEnergies by 42.3% in the 4th quarter. Ballentine Partners LLC now owns 9,328 shares of the company’s stock valued at $629,000 after purchasing an additional 2,772 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of TotalEnergies by 39.3% in the 4th quarter. Arkadios Wealth Advisors now owns 9,163 shares of the company’s stock valued at $617,000 after purchasing an additional 2,586 shares during the last quarter. Finally, Compound Global Advisors LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $12,927,000. 13.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TTE shares. Scotiabank decreased their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Wolfe Research started coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target for the company. Finally, Piper Sandler raised their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $76.00.

TotalEnergies Stock Performance

Shares of NYSE:TTE traded down $0.96 during trading on Monday, hitting $65.60. 1,307,889 shares of the stock traded hands, compared to its average volume of 1,488,278. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market cap of $154.91 billion, a price-to-earnings ratio of 7.40, a P/E/G ratio of 1.69 and a beta of 0.64. The company has a fifty day moving average price of $68.47 and a two-hundred day moving average price of $68.56. TotalEnergies SE has a 52-week low of $59.51 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.13). The firm had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period last year, the firm earned $1.99 earnings per share. As a group, equities analysts predict that TotalEnergies SE will post 8.94 EPS for the current year.

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.