Modera Wealth Management LLC Sells 246 Shares of TotalEnergies SE (NYSE:TTE)

Modera Wealth Management LLC decreased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,362 shares of the company’s stock after selling 246 shares during the period. Modera Wealth Management LLC’s holdings in TotalEnergies were worth $510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC increased its stake in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after buying an additional 1,546,866 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of TotalEnergies by 4.9% during the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after buying an additional 106,347 shares during the last quarter. Equity Investment Corp increased its position in shares of TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after acquiring an additional 196,277 shares in the last quarter. Finally, Todd Asset Management LLC increased its position in shares of TotalEnergies by 1.2% during the fourth quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company’s stock valued at $64,247,000 after acquiring an additional 13,503 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TTE shares. Piper Sandler cut their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research 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. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Price Performance

NYSE TTE opened at $59.99 on Wednesday. The company has a 50-day moving average price of $58.60 and a 200-day moving average price of $61.75. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $143.82 billion, a P/E ratio of 9.01, a PEG ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating 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 anticipate that TotalEnergies SE will post 8.02 earnings per share 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.