Zions Bancorporation N.A. Reduces Holdings in TotalEnergies SE (NYSE:TTE)

Zions Bancorporation N.A. lowered its holdings in shares of TotalEnergies SE (NYSE:TTE) by 21.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,041 shares of the company’s stock after selling 31,187 shares during the period. TotalEnergies comprises 0.6% of Zions Bancorporation N.A.’s portfolio, making the stock its 26th largest holding. Zions Bancorporation N.A.’s holdings in TotalEnergies were worth $7,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Equity Investment Corp increased its stake in shares of TotalEnergies by 0.6% during the 2nd quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock worth $121,407,000 after purchasing an additional 10,707 shares in the last quarter. BOKF NA increased its position in TotalEnergies by 1,176.7% during the second quarter. BOKF NA now owns 22,342 shares of the company’s stock worth $1,490,000 after buying an additional 20,592 shares in the last quarter. SIR Capital Management L.P. raised its holdings in shares of TotalEnergies by 22.6% in the second quarter. SIR Capital Management L.P. now owns 65,700 shares of the company’s stock worth $4,381,000 after acquiring an additional 12,100 shares during the last quarter. LGT Group Foundation lifted its position in shares of TotalEnergies by 14.4% in the second quarter. LGT Group Foundation now owns 29,961 shares of the company’s stock valued at $1,990,000 after acquiring an additional 3,768 shares in the last quarter. Finally, Choreo LLC boosted its stake in shares of TotalEnergies by 189.3% during the second quarter. Choreo LLC now owns 23,365 shares of the company’s stock valued at $1,597,000 after acquiring an additional 15,288 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the subject of several analyst reports. Scotiabank cut their target price on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Wolfe Research began coverage on shares of TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target for the company.

TotalEnergies Stock Performance

TotalEnergies stock opened at $67.33 on Friday. The stock has a fifty day moving average price of $67.99 and a 200 day moving average price of $69.17. TotalEnergies SE has a 52 week low of $62.28 and a 52 week high of $74.97. The firm has a market capitalization of $159.00 billion, a P/E ratio of 7.60, a PEG ratio of 1.74 and a beta of 0.64. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The company had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. During the same period in the prior year, the company earned $1.99 EPS. Equities research analysts anticipate that TotalEnergies SE will post 8.65 earnings per share for the current year.

TotalEnergies Company 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.