CVA Family Office LLC Sells 392 Shares of TotalEnergies SE (NYSE:TTE)

CVA Family Office LLC decreased its stake in shares of TotalEnergies SE (NYSE:TTE) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,780 shares of the company’s stock after selling 392 shares during the period. CVA Family Office LLC’s holdings in TotalEnergies were worth $244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mather Group LLC. increased its stake in TotalEnergies by 12.4% during the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after purchasing an additional 145 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of TotalEnergies by 3.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock worth $301,000 after acquiring an additional 153 shares during the period. Hexagon Capital Partners LLC lifted its position in TotalEnergies by 5.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock valued at $227,000 after acquiring an additional 164 shares in the last quarter. Opal Wealth Advisors LLC boosted its stake in TotalEnergies by 17.0% in the 2nd quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after purchasing an additional 187 shares during the period. Finally, Delta Financial Group Inc. increased its holdings in TotalEnergies by 3.1% during the 1st quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock worth $430,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Down 0.3 %

TotalEnergies stock opened at $68.28 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The stock has a 50-day simple moving average of $67.80 and a 200 day simple moving average of $69.41. The stock has a market capitalization of $161.24 billion, a P/E ratio of 7.74, a PEG ratio of 1.86 and a beta of 0.63. TotalEnergies SE has a 52 week low of $62.59 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The business had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. During the same period in the previous year, the firm posted $1.99 earnings per share. Analysts expect that TotalEnergies SE will post 8.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TTE. Scotiabank cut their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday. Wolfe Research started coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company. UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies 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.