Commonwealth Equity Services LLC Cuts Stock Holdings in TotalEnergies SE (NYSE:TTE)

Commonwealth Equity Services LLC lessened its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,792 shares of the company's stock after selling 5,185 shares during the quarter. Commonwealth Equity Services LLC's holdings in TotalEnergies were worth $4,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new stake in shares of TotalEnergies during the third quarter valued at approximately $212,000. Pathstone Holdings LLC lifted its position in TotalEnergies by 4.2% during the 3rd quarter. Pathstone Holdings LLC now owns 59,245 shares of the company's stock valued at $3,832,000 after acquiring an additional 2,403 shares during the period. Avior Wealth Management LLC boosted its stake in TotalEnergies by 62.9% during the third quarter. Avior Wealth Management LLC now owns 3,063 shares of the company's stock worth $198,000 after acquiring an additional 1,183 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in TotalEnergies by 10.5% in the third quarter. First Horizon Advisors Inc. now owns 2,033 shares of the company's stock worth $131,000 after purchasing an additional 194 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of TotalEnergies by 4.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 133,647 shares of the company's stock valued at $8,636,000 after purchasing an additional 5,481 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TTE shares. Morgan Stanley reissued an "equal weight" rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Piper Sandler cut their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Finally, Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Stock Performance

TotalEnergies stock traded up $0.32 during trading hours on Thursday, hitting $65.19. 1,651,275 shares of the stock traded hands, compared to its average volume of 1,518,936. The firm's 50 day moving average price is $60.74 and its 200-day moving average price is $61.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $156.31 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.22% and a net margin of 7.34%. As a group, equities analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal 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.