Moran Wealth Management LLC Trims Stock Position in TotalEnergies SE (NYSE:TTE)

Moran Wealth Management LLC trimmed its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 468,701 shares of the company's stock after selling 6,067 shares during the period. TotalEnergies accounts for 0.8% of Moran Wealth Management LLC's holdings, making the stock its 25th biggest position. Moran Wealth Management LLC's holdings in TotalEnergies were worth $25,544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its holdings in TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company's stock valued at $1,793,000 after purchasing an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of TotalEnergies by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company's stock worth $1,085,000 after buying an additional 169 shares in the last quarter. Tradition Wealth Management LLC lifted its stake in shares of TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company's stock worth $460,000 after buying an additional 171 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company's stock worth $242,000 after buying an additional 174 shares in the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after buying an additional 183 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

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TotalEnergies Stock Down 0.4 %

Shares of TTE stock traded down $0.28 during trading on Monday, reaching $61.12. The company's stock had a trading volume of 1,961,567 shares, compared to its average volume of 1,516,741. 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 company has a market capitalization of $146.53 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 0.98 and a beta of 0.56. The stock's 50-day moving average price is $59.13 and its 200 day moving average price is $61.53. 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 issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) 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%. On average, research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Morgan Stanley restated an "equal weight" rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.42.

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.