Foster & Motley Inc. Cuts Stock Position in TotalEnergies SE (NYSE:TTE)

Foster & Motley Inc. decreased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,874 shares of the company’s stock after selling 741 shares during the period. Foster & Motley Inc.’s holdings in TotalEnergies were worth $2,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in TTE. 9258 Wealth Management LLC lifted its holdings in TotalEnergies by 18.8% during the fourth quarter. 9258 Wealth Management LLC now owns 3,894 shares of the company’s stock valued at $262,000 after purchasing an additional 616 shares in the last quarter. LSV Asset Management boosted its holdings in TotalEnergies by 583.3% in the 4th quarter. LSV Asset Management now owns 32,800 shares of the company’s stock worth $2,210,000 after buying an additional 28,000 shares during the last quarter. Private Advisor Group LLC increased its stake in TotalEnergies by 1.1% during the 4th quarter. Private Advisor Group LLC now owns 29,985 shares of the company’s stock worth $2,020,000 after buying an additional 313 shares in the last quarter. Lincoln National Corp raised its holdings in shares of TotalEnergies by 14.9% during the fourth quarter. Lincoln National Corp now owns 10,052 shares of the company’s stock valued at $677,000 after acquiring an additional 1,302 shares during the last quarter. Finally, Apollon Wealth Management LLC acquired a new position in shares of TotalEnergies during the fourth quarter valued at approximately $338,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Up 0.5 %

TTE opened at $66.81 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The company’s 50 day simple moving average is $68.20 and its two-hundred day simple moving average is $69.09. The firm has a market capitalization of $157.77 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 1.79 and a beta of 0.64. TotalEnergies SE has a 1-year low of $62.28 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The company had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same period last year, the firm posted $1.99 EPS. Analysts expect that TotalEnergies SE will post 8.77 EPS for the current fiscal year.

Analyst Ratings Changes

TTE has been the subject of several research reports. Scotiabank dropped their price target on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Wolfe Research began coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price on the stock.

TotalEnergies 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.