Berkshire Asset Management LLC PA Cuts Position in TotalEnergies SE (NYSE:TTE)

Berkshire Asset Management LLC PA reduced its stake in shares of TotalEnergies SE (NYSE:TTE) by 27.6% in the fourth quarter, HoldingsChannel reports. The firm owned 4,513 shares of the company’s stock after selling 1,720 shares during the period. Berkshire Asset Management LLC PA’s holdings in TotalEnergies were worth $265,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Clear Creek Financial Management LLC purchased a new stake in shares of TotalEnergies during the fourth quarter valued at about $345,000. CWA Asset Management Group LLC bought a new position in shares of TotalEnergies during the 3rd quarter worth approximately $823,000. Crossmark Global Holdings Inc. lifted its position in TotalEnergies by 48.3% during the third 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 during the last quarter. Logan Capital Management Inc. boosted its stake in TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after acquiring an additional 13,331 shares in the last quarter. Finally, FMR LLC boosted its stake in TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 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 analyst reports. Piper Sandler decreased their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. 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. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $61.36 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company’s 50 day moving average is $58.86 and its 200 day moving average is $61.74. The company has a market cap of $147.11 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share 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%. On average, sell-side analysts forecast 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.