TotalEnergies SE (NYSE:TTE) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its holdings in TotalEnergies SE (NYSE:TTE) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,669 shares of the company’s stock after selling 1,447 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in TotalEnergies were worth $3,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dfpg Investments LLC grew its position in TotalEnergies by 14.0% during the fourth quarter. Dfpg Investments LLC now owns 7,065 shares of the company’s stock valued at $478,000 after buying an additional 870 shares during the period. BKM Wealth Management LLC acquired a new position in TotalEnergies in the 4th quarter worth about $38,000. Dynamic Advisor Solutions LLC raised its holdings in TotalEnergies by 6.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 6,714 shares of the company’s stock worth $458,000 after purchasing an additional 408 shares during the period. Whittier Trust Co. raised its holdings in TotalEnergies by 12.7% in the 4th quarter. Whittier Trust Co. now owns 14,899 shares of the company’s stock worth $1,004,000 after purchasing an additional 1,682 shares during the period. Finally, First Bank & Trust raised its holdings in TotalEnergies by 3.7% in the 4th quarter. First Bank & Trust now owns 77,817 shares of the company’s stock worth $5,243,000 after purchasing an additional 2,811 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wolfe Research assumed coverage on TotalEnergies in a research note on Thursday. They set an “outperform” rating and a $87.00 price objective for the company. Scotiabank cut their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Piper Sandler boosted their price objective on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.80.

TotalEnergies Price Performance

Shares of TTE stock traded down $1.03 during trading hours on Friday, reaching $68.26. The company had a trading volume of 1,168,112 shares, compared to its average volume of 1,515,676. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a fifty day moving average of $69.67 and a 200-day moving average of $68.42. The company has a market capitalization of $161.19 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 1.69 and a beta of 0.64. TotalEnergies SE has a 12-month low of $57.97 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.18. The company had revenue of $56.28 billion during the quarter, compared to analyst estimates of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. On average, equities analysts anticipate that TotalEnergies SE will post 9.1 earnings per share for the current 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.