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 - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TTE. Wealth Enhancement Advisory Services LLC boosted its position in shares of TotalEnergies by 67.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 52,578 shares of the company's stock valued at $3,398,000 after acquiring an additional 21,172 shares during the last quarter. HM Payson & Co. boosted its position in shares of TotalEnergies by 49.4% during the 3rd quarter. HM Payson & Co. now owns 3,460 shares of the company's stock valued at $224,000 after acquiring an additional 1,144 shares during the last quarter. US Bancorp DE boosted its position in shares of TotalEnergies by 1.2% during the 3rd quarter. US Bancorp DE now owns 86,077 shares of the company's stock valued at $5,562,000 after acquiring an additional 1,014 shares during the last quarter. Weatherly Asset Management L. P. lifted its position in TotalEnergies by 8.7% in the third quarter. Weatherly Asset Management L. P. now owns 74,188 shares of the company's stock valued at $4,854,000 after buying an additional 5,935 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its position in TotalEnergies by 1.3% in the third quarter. Princeton Global Asset Management LLC now owns 41,970 shares of the company's stock valued at $2,712,000 after buying an additional 548 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. 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 reaffirmed an "equal weight" rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Piper Sandler decreased their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, TotalEnergies has a consensus rating of "Moderate Buy" and an average price target of $72.42.

TotalEnergies Stock Up 0.2 %

Shares of TTE stock traded up $0.12 during trading hours on Friday, reaching $60.17. 907,410 shares of the stock were exchanged, compared to its average volume of 1,643,126. The business's fifty day moving average is $58.37 and its two-hundred day moving average is $61.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The firm has a market capitalization of $144.27 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, research analysts expect that TotalEnergies SE will post 8.02 EPS 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.