ORG Partners LLC Trims Holdings in TotalEnergies SE (NYSE:TTE)

ORG Partners LLC lessened its holdings in shares of TotalEnergies SE (NYSE:TTE) by 16.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,678 shares of the company’s stock after selling 731 shares during the period. ORG Partners LLC’s holdings in TotalEnergies were worth $252,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of TotalEnergies by 16.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,406 shares of the company’s stock worth $2,094,000 after acquiring an additional 4,504 shares during the period. Ipswich Investment Management Co. Inc. grew its holdings in shares of TotalEnergies by 1.6% during the 2nd quarter. Ipswich Investment Management Co. Inc. now owns 24,585 shares of the company’s stock worth $1,639,000 after acquiring an additional 380 shares during the period. Wedmont Private Capital grew its holdings in shares of TotalEnergies by 3.4% during the 2nd quarter. Wedmont Private Capital now owns 6,630 shares of the company’s stock worth $460,000 after acquiring an additional 220 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of TotalEnergies by 3.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,352 shares of the company’s stock worth $1,224,000 after acquiring an additional 679 shares during the period. Finally, LVW Advisors LLC grew its holdings in shares of TotalEnergies by 2.4% during the 2nd quarter. LVW Advisors LLC now owns 20,507 shares of the company’s stock worth $1,367,000 after acquiring an additional 477 shares during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Piper Sandler upped their target price on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Wolfe Research started coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price on the stock. Finally, Scotiabank dropped their price target on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $76.00.

TotalEnergies Stock Up 0.5 %

Shares of TTE traded up $0.32 during mid-day trading on Wednesday, reaching $67.94. The company had a trading volume of 485,148 shares, compared to its average volume of 1,460,412. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The firm has a 50-day moving average price of $67.90 and a 200 day moving average price of $68.67. TotalEnergies SE has a 52 week low of $60.93 and a 52 week high of $74.97. The company has a market capitalization of $160.44 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). The business had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period last year, the company posted $1.99 earnings per share. On average, sell-side analysts forecast that TotalEnergies SE will post 8.86 EPS for the current year.

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.