Parkwood LLC Sells 43,711 Shares of TotalEnergies SE (NYSE:TTE)

Parkwood LLC decreased its stake in shares of TotalEnergies SE (NYSE:TTE) by 29.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 103,905 shares of the company’s stock after selling 43,711 shares during the period. Parkwood LLC’s holdings in TotalEnergies were worth $5,663,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TTE. Asset Planning Inc purchased a new stake in shares of TotalEnergies in the fourth quarter worth about $31,000. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies in the 4th quarter worth approximately $32,000. HHM Wealth Advisors LLC lifted its stake in TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in TotalEnergies in the 4th quarter valued at $49,000. Finally, SRS Capital Advisors Inc. boosted its holdings in TotalEnergies by 108.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company’s stock valued at $65,000 after purchasing an additional 617 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 2.0%

TTE opened at $59.85 on Wednesday. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $74.21. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $59.81 and its 200-day moving average price is $59.10. The company has a market cap of $143.50 billion, a P/E ratio of 8.99, a P/E/G ratio of 0.98 and a beta of 0.58.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results 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). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The company had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. During the same quarter in the previous year, the business earned $2.14 earnings per share. On average, equities analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Scotiabank decreased their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Morgan Stanley raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective for the company in a report on Monday. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus price target of $69.36.

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.