TotalEnergies SE (NYSE:TTE) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance lowered its position in TotalEnergies SE (NYSE:TTE) by 6.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,288 shares of the company’s stock after selling 736 shares during the period. Independent Advisor Alliance’s holdings in TotalEnergies were worth $615,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its position in shares of TotalEnergies by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after buying an additional 169 shares during the last quarter. Tradition Wealth Management LLC raised its position in shares of TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after buying an additional 171 shares during the last quarter. Apollon Wealth Management LLC raised its position in shares of TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after buying an additional 174 shares during the last quarter. Continuum Advisory LLC raised its position in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of TotalEnergies by 9.1% in the fourth quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock valued at $121,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Up 1.4 %

TotalEnergies stock opened at $62.81 on Monday. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a 50 day moving average price of $59.69 and a 200 day moving average price of $61.31. The company has a market capitalization of $150.59 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last posted 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 expect that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

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