Sequoia Financial Advisors LLC Has $1.23 Million Holdings in TotalEnergies SE (NYSE:TTE)

Sequoia Financial Advisors LLC boosted its position in shares of TotalEnergies SE (NYSE:TTE) by 3.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,062 shares of the company’s stock after buying an additional 710 shares during the period. Sequoia Financial Advisors LLC’s holdings in TotalEnergies were worth $1,232,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TTE. Atlas Capital Advisors LLC bought a new position in TotalEnergies in the first quarter valued at approximately $46,000. 180 Wealth Advisors LLC increased its stake in shares of TotalEnergies by 5.0% in the 1st quarter. 180 Wealth Advisors LLC now owns 5,478 shares of the company’s stock valued at $377,000 after purchasing an additional 262 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of TotalEnergies by 93.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 10,303 shares of the company’s stock worth $709,000 after buying an additional 4,979 shares in the last quarter. Founders Financial Securities LLC bought a new stake in shares of TotalEnergies during the 1st quarter worth $743,000. Finally, LVW Advisors LLC boosted its stake in TotalEnergies by 13.8% in the first quarter. LVW Advisors LLC now owns 20,030 shares of the company’s stock valued at $1,379,000 after buying an additional 2,422 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

TTE has been the subject of several research analyst reports. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank dropped their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Wolfe Research initiated coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target for the company. Finally, TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $65.01 on Friday. The firm has a market cap of $153.52 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.63. TotalEnergies SE has a 52 week low of $62.59 and a 52 week high of $74.97. The firm’s fifty day moving average is $67.41 and its 200-day moving average is $69.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The company had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same quarter last year, the firm posted $1.99 EPS. Sell-side analysts predict that TotalEnergies SE will post 8.17 earnings per share for the current year.

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.