Laird Norton Wetherby Wealth Management LLC Sells 997 Shares of TotalEnergies SE (NYSE:TTE)

Laird Norton Wetherby Wealth Management LLC trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE) by 3.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,991 shares of the company’s stock after selling 997 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in TotalEnergies were worth $1,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of TotalEnergies by 121.1% during the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after purchasing an additional 4,189,652 shares in the last quarter. Franklin Resources Inc. grew its position in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after buying an additional 1,672,387 shares during the period. Federated Hermes Inc. grew its position in shares of TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company’s stock worth $157,309,000 after buying an additional 471,291 shares during the period. Raymond James Financial Inc. bought a new position in TotalEnergies during the 4th quarter worth approximately $156,044,000. Finally, Envestnet Asset Management Inc. boosted its stake in TotalEnergies by 7.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company’s stock worth $144,342,000 after acquiring an additional 192,858 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective on the stock in a research note on Monday. BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, Piper Sandler upped their price objective on shares of TotalEnergies from $62.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.36.

TotalEnergies Trading Up 2.0%

TTE opened at $59.85 on Wednesday. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $74.21. The company has a 50-day simple moving average of $59.81 and a 200 day simple moving average of $59.10. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $143.50 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.98 and a beta of 0.58.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. During the same period last year, the company posted $2.14 EPS. Analysts predict that TotalEnergies SE will post 8.02 EPS 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.