TotalEnergies SE (NYSE:TTE) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. cut its holdings in TotalEnergies SE (NYSE:TTE) by 15.5% during the fourth quarter, HoldingsChannel reports. The fund owned 5,334 shares of the company’s stock after selling 979 shares during the period. Kovack Advisors Inc.’s holdings in TotalEnergies were worth $291,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new position in TotalEnergies during the third quarter worth $26,000. Continuum Advisory LLC increased its position in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Asset Planning Inc purchased a new position in TotalEnergies in the fourth quarter valued at $31,000. HHM Wealth Advisors LLC increased its holdings 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 buying an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in TotalEnergies in the fourth quarter valued at $45,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTE has been the topic of several recent analyst reports. 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 report on Tuesday, January 7th. 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 note on Thursday, December 19th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

NYSE TTE opened at $60.17 on Friday. 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 SE has a 52-week low of $53.29 and a 52-week high of $74.97. The business’s 50-day moving average price is $58.37 and its 200 day moving average price is $61.91. The firm has a market cap of $144.27 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last released 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 return on equity of 15.22% and a net margin of 7.34%. On average, equities research analysts expect that TotalEnergies SE will post 8.02 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.