TotalEnergies SE (NYSE:TTE) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,199 shares of the company's stock after selling 17,538 shares during the period. Cetera Investment Advisers' holdings in TotalEnergies were worth $13,216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. North Star Investment Management Corp. lifted its holdings in shares of TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company's stock worth $28,000 after acquiring an additional 310 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company's stock valued at $28,000 after buying an additional 212 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies during the first quarter valued at approximately $29,000. Creekmur Asset Management LLC purchased a new stake in shares of TotalEnergies in the fourth quarter worth approximately $31,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of TotalEnergies during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 13.22% of the company's stock.

TotalEnergies Stock Up 1.1 %

NYSE:TTE traded up $0.72 during trading hours on Friday, reaching $68.60. The company's stock had a trading volume of 1,968,824 shares, compared to its average volume of 1,608,485. The stock has a 50 day moving average price of $67.67 and a two-hundred day moving average price of $69.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The company has a market capitalization of $161.99 billion, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 1.83 and a beta of 0.63. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $53.74 billion for the quarter, compared to analysts' expectations of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same quarter last year, the company earned $1.99 earnings per share. Equities analysts predict that TotalEnergies SE will post 8.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TTE has been the subject of several research analyst reports. TD Cowen downgraded TotalEnergies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 30th. Scotiabank lowered their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a "sector perform" rating for the company in a research report on Friday, July 12th. Barclays upgraded shares of TotalEnergies to a "strong-buy" rating in a research note on Wednesday. Finally, Wolfe Research began coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an "outperform" rating and a $87.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $80.00.

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.