Wealth Advisors of Tampa Bay LLC Decreases Holdings in TotalEnergies SE (NYSE:TTE)

Wealth Advisors of Tampa Bay LLC trimmed its position in TotalEnergies SE (NYSE:TTE - Free Report) by 43.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,591 shares of the company's stock after selling 32,197 shares during the period. Wealth Advisors of Tampa Bay LLC's holdings in TotalEnergies were worth $2,321,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. World Investment Advisors grew its stake in TotalEnergies by 90.1% in the fourth quarter. World Investment Advisors now owns 8,664 shares of the company's stock valued at $474,000 after acquiring an additional 4,106 shares during the period. Cinctive Capital Management LP bought a new position in TotalEnergies in the fourth quarter valued at approximately $736,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of TotalEnergies by 3.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 138,235 shares of the company's stock valued at $7,534,000 after buying an additional 4,588 shares during the last quarter. HighPoint Advisor Group LLC grew its stake in shares of TotalEnergies by 4.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,018 shares of the company's stock valued at $546,000 after buying an additional 440 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after buying an additional 1,672,387 shares during the last quarter. Institutional investors own 16.53% of the company's stock.

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TotalEnergies Stock Down 3.7 %

NYSE:TTE traded down $2.15 on Monday, hitting $55.55. The stock had a trading volume of 3,290,862 shares, compared to its average volume of 1,550,680. The company has a market cap of $133.19 billion, a PE ratio of 8.34, a P/E/G ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The business's fifty day moving average is $61.35 and its 200 day moving average is $60.88. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, equities research analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on TTE shares. Piper Sandler decreased their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Morgan Stanley reissued an "equal weight" rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies 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.