ZWJ Investment Counsel Inc. Sells 18,150 Shares of TotalEnergies SE (NYSE:TTE)

ZWJ Investment Counsel Inc. lowered its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 16.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,215 shares of the company's stock after selling 18,150 shares during the period. ZWJ Investment Counsel Inc.'s holdings in TotalEnergies were worth $6,088,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TTE. EP Wealth Advisors LLC acquired a new stake in TotalEnergies during the fourth quarter worth approximately $360,000. HighPoint Advisor Group LLC acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $653,000. GAMMA Investing LLC grew its stake in TotalEnergies by 9.5% in the first quarter. GAMMA Investing LLC now owns 3,237 shares of the company's stock valued at $223,000 after acquiring an additional 282 shares during the period. Mather Group LLC. acquired a new stake in TotalEnergies in the first quarter valued at approximately $55,000. Finally, Perpetual Ltd grew its stake in TotalEnergies by 3.0% in the first quarter. Perpetual Ltd now owns 18,323 shares of the company's stock valued at $1,254,000 after acquiring an additional 537 shares during the period. Institutional investors and hedge funds own 13.22% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TTE. TD Cowen cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 30th. 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 for the company. The Goldman Sachs Group raised TotalEnergies to a "hold" rating in a research note on Thursday, October 3rd. Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. Finally, UBS Group raised TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average price target of $78.75.

TotalEnergies Stock Up 0.9 %

Shares of NYSE:TTE traded up $0.55 during mid-day trading on Thursday, hitting $65.00. 1,072,490 shares of the company traded hands, compared to its average volume of 1,448,945. The stock has a market cap of $153.49 billion, a P/E ratio of 7.37, a P/E/G ratio of 1.86 and a beta of 0.63. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a 12-month low of $62.59 and a 12-month high of $74.97. The stock has a 50-day moving average price of $67.77 and a two-hundred day moving average price of $69.31.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts' consensus estimates of $2.11 by ($0.13). The business had revenue of $53.74 billion for the quarter, compared to the consensus estimate 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 business posted $1.99 earnings per share. On average, equities research analysts forecast that TotalEnergies SE will post 8.29 earnings per share for the current 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.