TotalEnergies SE (NYSE:TTE) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. decreased its holdings in TotalEnergies SE (NYSE:TTE) by 16.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,215 shares of the company’s stock after selling 18,150 shares during the period. ZWJ Investment Counsel Inc.’s holdings in TotalEnergies were worth $6,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of TTE. North Star Investment Management Corp. grew its stake in shares of TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of TotalEnergies in the first quarter valued at about $29,000. Boit C F David purchased a new stake in shares of TotalEnergies in the third quarter valued at about $32,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of TotalEnergies in the first quarter valued at about $38,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TTE shares. Wolfe Research started coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Scotiabank cut their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Trading Down 0.4 %

Shares of TTE opened at $64.47 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average is $67.81 and its two-hundred day moving average is $69.34. TotalEnergies SE has a twelve month low of $62.59 and a twelve month high of $74.97. The firm has a market capitalization of $152.24 billion, a P/E ratio of 7.31, a PEG ratio of 1.86 and a beta of 0.63.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the company posted $1.99 earnings per share. On average, research analysts predict that TotalEnergies SE will post 8.29 earnings per share for the current fiscal year.

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.