Intellectus Partners LLC Lowers Stake in TotalEnergies SE (NYSE:TTE)

Intellectus Partners LLC reduced its holdings in shares of TotalEnergies SE (NYSE:TTE) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,497 shares of the company’s stock after selling 850 shares during the period. Intellectus Partners LLC’s holdings in TotalEnergies were worth $1,807,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Cerity Partners LLC raised its holdings in TotalEnergies by 49.9% in the fourth quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock worth $3,578,000 after buying an additional 17,658 shares during the last quarter. Weatherly Asset Management L. P. raised its holdings in TotalEnergies by 13.0% in the fourth quarter. Weatherly Asset Management L. P. now owns 65,106 shares of the company’s stock worth $4,438,000 after buying an additional 7,498 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in TotalEnergies by 219.4% in the third quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock worth $854,000 after buying an additional 8,921 shares during the last quarter. Main Street Research LLC purchased a new position in TotalEnergies in the third quarter worth about $10,979,000. Finally, Mariner LLC raised its holdings in TotalEnergies by 9.6% in the third quarter. Mariner LLC now owns 95,857 shares of the company’s stock worth $6,304,000 after buying an additional 8,400 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TTE stock traded up $0.81 during trading hours on Friday, reaching $74.56. The company had a trading volume of 2,495,383 shares, compared to its average volume of 1,314,394. The business has a fifty day moving average price of $68.74 and a 200-day moving average price of $67.17. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.97. The firm has a market cap of $175.34 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 1.67 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). The business had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same quarter last year, the firm posted $2.97 earnings per share. Sell-side analysts predict that TotalEnergies SE will post 9.32 earnings per share for the current fiscal year.

Insider Activity at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TTE. Piper Sandler lifted their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Scotiabank lifted their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $70.75.

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.