Seven Mile Advisory Sells 643 Shares of TotalEnergies SE (NYSE:TTE)

Seven Mile Advisory lessened its stake in TotalEnergies SE (NYSE:TTE) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,995 shares of the company’s stock after selling 643 shares during the quarter. Seven Mile Advisory’s holdings in TotalEnergies were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Clear Creek Financial Management LLC bought a new position in TotalEnergies during the 4th quarter valued at $345,000. Logan Capital Management Inc. lifted its position in shares of TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares in the last quarter. CWA Asset Management Group LLC grew its position in TotalEnergies by 85.1% in the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after purchasing an additional 10,835 shares in the last quarter. Barclays PLC increased its stake in TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after buying an additional 490,187 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of TotalEnergies in the 4th quarter worth approximately $412,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE stock opened at $64.27 on Monday. The firm’s 50 day moving average is $60.96 and its 200 day moving average is $61.06. The stock has a market capitalization of $154.11 billion, a P/E ratio of 9.65, a PEG ratio of 0.98 and a beta of 0.56. 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.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, sell-side analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on TTE shares. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.42.

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.