TotalEnergies SE (NYSE:TTE) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. cut its holdings in TotalEnergies SE (NYSE:TTE) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,364 shares of the company’s stock after selling 8,251 shares during the quarter. Avantax Advisory Services Inc.’s holdings in TotalEnergies were worth $2,745,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TTE. Integrated Wealth Concepts LLC increased its position in TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after buying an additional 169 shares in the last quarter. Tradition Wealth Management LLC increased its position in TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after purchasing an additional 171 shares in the last quarter. Apollon Wealth Management LLC raised its stake in TotalEnergies by 4.1% in the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after purchasing an additional 174 shares during the last quarter. Continuum Advisory LLC lifted its holdings in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of TotalEnergies by 9.1% during the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock worth $121,000 after purchasing an additional 184 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 1.4 %

NYSE TTE opened at $62.81 on Friday. The firm has a market capitalization of $150.59 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company’s 50 day moving average price is $59.69 and its 200 day moving average price is $61.36.

TotalEnergies (NYSE:TTE) last issued 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%. On average, sell-side analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TTE shares. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley restated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report 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 TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Company 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.