Huntington National Bank Reduces Holdings in TotalEnergies SE (NYSE:TTE)

Huntington National Bank reduced its position in TotalEnergies SE (NYSE:TTE) by 6.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,000 shares of the company’s stock after selling 409 shares during the period. Huntington National Bank’s holdings in TotalEnergies were worth $327,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its holdings in TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after acquiring an additional 169 shares during the period. Apollon Wealth Management LLC raised its position in shares of TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock worth $242,000 after buying an additional 174 shares in the last quarter. Continuum Advisory LLC boosted its stake in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the period. First Horizon Advisors Inc. grew its position in TotalEnergies by 9.1% during the fourth quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock worth $121,000 after buying an additional 184 shares in the last quarter. Finally, FSM Wealth Advisors LLC raised its holdings in shares of TotalEnergies by 3.4% in the 4th quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company’s stock valued at $333,000 after acquiring an additional 187 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 6.9 %

TTE opened at $57.82 on Friday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $61.35 and its 200-day moving average price is $60.98. The company has a market cap of $138.64 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, equities analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTE. Piper Sandler lowered their target price 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. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.