Oppenheimer Asset Management Inc. Reduces Position in TotalEnergies SE (NYSE:TTE)

Oppenheimer Asset Management Inc. decreased its holdings in TotalEnergies SE (NYSE:TTE) by 19.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,352 shares of the company’s stock after selling 18,199 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TotalEnergies were worth $4,216,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FSA Wealth Management LLC acquired a new position in shares of TotalEnergies in the 3rd quarter valued at approximately $26,000. Continuum Advisory LLC increased its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Asset Planning Inc acquired a new stake in TotalEnergies in the fourth quarter valued at $31,000. HHM Wealth Advisors LLC boosted its stake in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc bought a new position in TotalEnergies during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.2 %

NYSE:TTE opened at $60.17 on Friday. The firm has a market capitalization of $144.27 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.98 and a beta of 0.61. The business has a 50 day simple moving average of $58.37 and a 200 day simple moving average of $61.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Analysts Forecast Growth

TTE has been the topic of a number of recent analyst reports. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Piper Sandler lowered 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. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six investment 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.