Schechter Investment Advisors LLC Sells 3,517 Shares of TotalEnergies SE (NYSE:TTE)

Schechter Investment Advisors LLC lowered its stake in shares of TotalEnergies SE (NYSE:TTE) by 15.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,595 shares of the company’s stock after selling 3,517 shares during the quarter. Schechter Investment Advisors LLC’s holdings in TotalEnergies were worth $1,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LGT Group Foundation boosted its holdings in TotalEnergies by 6.8% during the fourth quarter. LGT Group Foundation now owns 31,655 shares of the company’s stock worth $1,725,000 after buying an additional 2,006 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in TotalEnergies by 13.5% during the fourth quarter. Jones Financial Companies Lllp now owns 382,942 shares of the company’s stock worth $20,870,000 after buying an additional 45,531 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in TotalEnergies by 108.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company’s stock worth $65,000 after buying an additional 617 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in TotalEnergies by 178.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,168 shares of the company’s stock worth $391,000 after buying an additional 4,597 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in TotalEnergies by 45.9% during the fourth quarter. US Bancorp DE now owns 125,569 shares of the company’s stock worth $6,844,000 after buying an additional 39,492 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

TTE has been the topic of several recent analyst reports. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Piper Sandler cut their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Down 0.7 %

Shares of TotalEnergies stock opened at $59.79 on Tuesday. The business’s 50 day simple moving average is $58.48 and its 200 day simple moving average is $61.81. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The firm has a market cap of $143.36 billion, a PE ratio of 8.98, a P/E/G ratio of 0.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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, analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.