TotalEnergies SE (NYSE:TTE) Shares Sold by Capital Wealth Planning LLC

Capital Wealth Planning LLC decreased its position in shares of TotalEnergies SE (NYSE:TTE) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,355 shares of the company’s stock after selling 21,252 shares during the quarter. Capital Wealth Planning LLC’s holdings in TotalEnergies were worth $1,981,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC acquired a new position in TotalEnergies in the 3rd quarter valued at $26,000. Continuum Advisory LLC increased its holdings in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Asset Planning Inc purchased a new stake in TotalEnergies during the 4th quarter worth $31,000. HHM Wealth Advisors LLC boosted its position in TotalEnergies by 156.3% during 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 during the period. Finally, Versant Capital Management Inc purchased a new stake in TotalEnergies during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the subject of a number of research reports. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler decreased their price objective 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. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

Shares of TTE stock opened at $60.17 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company’s 50-day simple moving average is $58.37 and its 200-day simple moving average is $61.91. The stock has a market capitalization of $144.27 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping 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%. Equities analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.