Sequoia Financial Advisors LLC Sells 3,478 Shares of TotalEnergies SE (NYSE:TTE)

Sequoia Financial Advisors LLC decreased its stake in shares of TotalEnergies SE (NYSE:TTE) by 18.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,584 shares of the company’s stock after selling 3,478 shares during the period. Sequoia Financial Advisors LLC’s holdings in TotalEnergies were worth $849,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. Empowered Funds LLC raised its holdings in shares of TotalEnergies by 2.8% in the 3rd quarter. Empowered Funds LLC now owns 40,321 shares of the company’s stock valued at $2,606,000 after purchasing an additional 1,107 shares in the last quarter. Atlanta Consulting Group Advisors LLC bought a new stake in shares of TotalEnergies in the 3rd quarter valued at about $880,000. Thrivent Financial for Lutherans bought a new stake in shares of TotalEnergies in the 3rd quarter valued at about $212,000. Equity Investment Corp raised its holdings in shares of TotalEnergies by 2.3% in the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after purchasing an additional 41,564 shares in the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in shares of TotalEnergies by 7.3% in the 3rd quarter. Strengthening Families & Communities LLC now owns 28,857 shares of the company’s stock valued at $1,865,000 after purchasing an additional 1,960 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the subject of several recent research reports. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report 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. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. 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. Finally, Piper Sandler reduced 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. Six 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Up 1.4 %

NYSE:TTE opened at $62.81 on Monday. The company has a market cap of $150.59 billion, a PE ratio of 9.43, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a twelve month low of $53.29 and a twelve month 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 company’s 50 day moving average is $59.69 and its two-hundred day moving average is $61.31.

TotalEnergies (NYSE:TTE) last released its 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%. Analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

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.