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

EP Wealth Advisors LLC cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 16.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,523 shares of the company’s stock after selling 1,618 shares during the quarter. EP Wealth Advisors LLC’s holdings in TotalEnergies were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Apollon Wealth Management LLC grew its holdings in shares of TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock worth $242,000 after purchasing an additional 174 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of TotalEnergies by 9.1% during the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock worth $121,000 after purchasing an additional 184 shares during the period. FSM Wealth Advisors LLC grew its holdings in shares of TotalEnergies by 3.4% during the 4th quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company’s stock worth $333,000 after purchasing an additional 187 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in shares of TotalEnergies by 4.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,889 shares of the company’s stock worth $266,000 after purchasing an additional 207 shares during the period. Finally, Cetera Trust Company N.A grew its holdings in shares of TotalEnergies by 5.7% during the 4th quarter. Cetera Trust Company N.A now owns 4,090 shares of the company’s stock worth $223,000 after purchasing an additional 220 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTE has been the subject of a number of research analyst reports. Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Scotiabank lowered their target price on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.42.

TotalEnergies Stock Performance

Shares of TTE opened at $58.67 on Monday. The stock has a 50-day simple moving average of $59.88 and a 200-day simple moving average of $59.14. 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 stock has a market capitalization of $140.67 billion, a PE ratio of 8.81, a PEG ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $74.43.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $47.90 billion during the quarter, compared to analysts’ expectations of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter in the previous year, the business posted $2.14 EPS. On average, analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal 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.