TotalEnergies SE (NYSE:TTE) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP lowered its position in TotalEnergies SE (NYSE:TTE) by 10.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,409 shares of the company’s stock after selling 1,062 shares during the quarter. Mission Wealth Management LP’s holdings in TotalEnergies were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in shares of TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC increased its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Asset Planning Inc acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $31,000. HHM Wealth Advisors LLC increased its stake in shares of 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. Finally, Versant Capital Management Inc acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Up 1.9 %

Shares of NYSE:TTE opened at $61.02 on Thursday. The stock has a market capitalization of $146.32 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The company has a 50 day moving average price of $58.73 and a 200 day moving average price of $61.75.

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

Analysts Set New Price Targets

A number of research analysts recently commented on TTE shares. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock 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. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

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.