Delta Financial Group Inc. Sells 629 Shares of TotalEnergies SE (NYSE:TTE)

Delta Financial Group Inc. lessened its holdings in shares of TotalEnergies SE (NYSE:TTE) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,625 shares of the company’s stock after selling 629 shares during the quarter. Delta Financial Group Inc.’s holdings in TotalEnergies were worth $307,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Clear Creek Financial Management LLC acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $345,000. CWA Asset Management Group LLC bought a new position in TotalEnergies in the 3rd quarter valued at about $823,000. Crossmark Global Holdings Inc. lifted its position in TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after acquiring an additional 54,478 shares in the last quarter. Logan Capital Management Inc. boosted its stake in TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares during the last quarter. Finally, FMR LLC increased its holdings in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Down 1.4 %

NYSE TTE opened at $60.74 on Monday. The business’s fifty day moving average is $57.74 and its 200-day moving average is $62.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $143.42 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data 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 net margin of 7.34% and a return on equity of 15.22%. Equities research analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

TTE has been the topic of a number of recent research reports. Morgan Stanley restated 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 dropped their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $72.42.

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.