TotalEnergies SE (NYSE:TTE) Shares Sold by Wealth Advisors of Tampa Bay LLC

Wealth Advisors of Tampa Bay LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 43.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,591 shares of the company's stock after selling 32,197 shares during the quarter. Wealth Advisors of Tampa Bay LLC's holdings in TotalEnergies were worth $2,321,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. Continuum Advisory LLC raised its stake in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after purchasing an additional 183 shares during the period. Asset Planning Inc acquired a new stake in TotalEnergies during the fourth quarter worth $31,000. HHM Wealth Advisors LLC raised its position in TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after purchasing an additional 400 shares during the period. Versant Capital Management Inc acquired a new position in shares of TotalEnergies in the 4th quarter valued at $45,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of TotalEnergies during the 4th quarter worth $49,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Up 5.5 %

Shares of NYSE TTE traded up $2.94 during mid-day trading on Wednesday, reaching $56.31. The company had a trading volume of 1,733,515 shares, compared to its average volume of 1,560,100. The firm has a 50 day simple moving average of $61.09 and a two-hundred day simple moving average of $60.62. TotalEnergies SE has a 52-week low of $52.66 and a 52-week high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The stock has a market cap of $135.01 billion, a P/E ratio of 8.46, a PEG ratio of 0.98 and a beta of 0.45.

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

Analyst Ratings Changes

Several analysts recently issued reports on TTE shares. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Piper Sandler dropped their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Finally, Morgan Stanley restated an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.42.

About TotalEnergies

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.