Sawyer & Company Inc Sells 492 Shares of TotalEnergies SE (NYSE:TTE)

Sawyer & Company Inc lowered its stake in TotalEnergies SE (NYSE:TTE) by 7.7% in the 3rd quarter, Holdings Channel reports. The firm owned 5,932 shares of the company’s stock after selling 492 shares during the quarter. Sawyer & Company Inc’s holdings in TotalEnergies were worth $383,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Gilman Hill Asset Management LLC raised its holdings in shares of TotalEnergies by 6.0% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 78,680 shares of the company’s stock valued at $5,084,000 after acquiring an additional 4,455 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of TotalEnergies in the 3rd quarter valued at about $235,000. Exchange Traded Concepts LLC raised its holdings in shares of TotalEnergies by 122.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 61,920 shares of the company’s stock valued at $4,001,000 after buying an additional 34,127 shares in the last quarter. Annex Advisory Services LLC increased its stake in TotalEnergies by 0.7% in the 3rd quarter. Annex Advisory Services LLC now owns 73,399 shares of the company’s stock worth $4,743,000 after purchasing an additional 478 shares during the period. Finally, Ritholtz Wealth Management increased its stake in TotalEnergies by 17.1% in the 3rd quarter. Ritholtz Wealth Management now owns 64,037 shares of the company’s stock worth $4,138,000 after purchasing an additional 9,331 shares during the period. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

Shares of NYSE:TTE traded down $0.18 during midday trading on Friday, reaching $68.28. 1,793,588 shares of the company’s stock traded hands, compared to its average volume of 1,648,111. The company has a market cap of $161.24 billion, a price-to-earnings ratio of 7.74, a P/E/G ratio of 1.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. TotalEnergies SE has a one year low of $62.59 and a one year high of $74.97. The stock has a 50 day moving average of $67.80 and a 200 day moving average of $69.40.

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 net margin of 9.49% and a return on equity of 17.92%. The firm had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same period in the prior year, the company posted $1.99 EPS. As a group, equities research analysts anticipate that TotalEnergies SE will post 8.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank cut their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, Wolfe Research assumed coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $78.75.

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.