tru Independence LLC Trims Stock Holdings in TotalEnergies SE (NYSE:TTE)

tru Independence LLC cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 3.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 66,131 shares of the company’s stock after selling 2,200 shares during the quarter. tru Independence LLC’s holdings in TotalEnergies were worth $4,552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Key Financial Inc grew its holdings in TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares in the last quarter. Evolution Advisers Inc. acquired a new position in TotalEnergies in the fourth quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new position in TotalEnergies in the fourth quarter worth about $30,000. Tower Research Capital LLC TRC bought a new stake in TotalEnergies in the fourth quarter valued at about $31,000. Finally, Creekmur Asset Management LLC acquired a new stake in TotalEnergies during the fourth quarter valued at approximately $31,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Scotiabank boosted their price target on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler lifted their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $70.75.

TotalEnergies Stock Performance

Shares of NYSE TTE traded up $0.09 during mid-day trading on Tuesday, hitting $68.70. The company had a trading volume of 205,993 shares, compared to its average volume of 1,546,021. The stock has a market cap of $162.23 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 1.66 and a beta of 0.64. The firm’s 50 day simple moving average is $70.62 and its two-hundred day simple moving average is $68.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The business had revenue of $56.28 billion for the quarter, compared to analysts’ expectations of $59.64 billion. As a group, equities research analysts forecast that TotalEnergies SE will post 9.16 earnings per share 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.