TotalEnergies SE (NYSE:TTE) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lowered its stake in TotalEnergies SE (NYSE:TTE) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,514 shares of the company’s stock after selling 2,349 shares during the quarter. Ieq Capital LLC’s holdings in TotalEnergies were worth $410,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TTE. Allworth Financial LP lifted its holdings in TotalEnergies by 34.6% in the 3rd quarter. Allworth Financial LP now owns 4,151 shares of the company’s stock worth $268,000 after buying an additional 1,066 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of TotalEnergies by 67.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 52,578 shares of the company’s stock worth $3,398,000 after acquiring an additional 21,172 shares during the last quarter. MONECO Advisors LLC lifted its stake in shares of TotalEnergies by 13.0% in the third quarter. MONECO Advisors LLC now owns 4,900 shares of the company’s stock worth $317,000 after acquiring an additional 564 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in TotalEnergies by 74.5% in the third quarter. Pinnacle Associates Ltd. now owns 51,536 shares of the company’s stock valued at $3,473,000 after purchasing an additional 21,996 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its stake in TotalEnergies by 28.4% during the 3rd quarter. Diversify Wealth Management LLC now owns 9,932 shares of the company’s stock valued at $642,000 after purchasing an additional 2,199 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $60.05 on Friday. The company has a market cap of $141.80 billion, a PE ratio of 9.02, a P/E/G ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The firm has a 50-day simple moving average of $58.25 and a 200 day simple moving average of $62.00. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TTE shares. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. 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, Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.42.

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.