TotalEnergies SE (NYSE:TTE) Shares Sold by Nwam LLC

Nwam LLC lessened its stake in shares of TotalEnergies SE (NYSE:TTE) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,502 shares of the company’s stock after selling 628 shares during the quarter. Nwam LLC’s holdings in TotalEnergies were worth $245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TTE. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies during the 3rd quarter valued at about $26,000. Continuum Advisory LLC grew its position in 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 acquiring an additional 183 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $31,000. HHM Wealth Advisors LLC lifted its position in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of TotalEnergies in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TTE shares. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler reduced their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Price Performance

Shares of TTE opened at $60.17 on Friday. TotalEnergies SE has a 52 week low of $53.29 and a 52 week 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 firm has a market cap of $144.27 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.98 and a beta of 0.61. The stock has a 50 day moving average of $58.37 and a 200-day moving average of $61.91.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS 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%. As a group, analysts forecast that TotalEnergies SE will post 8.02 EPS 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.