Banco Santander S.A. Sells 7,192 Shares of TotalEnergies SE (NYSE:TTE)

Banco Santander S.A. cut its position in TotalEnergies SE (NYSE:TTE) by 12.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,423 shares of the company’s stock after selling 7,192 shares during the quarter. Banco Santander S.A.’s holdings in TotalEnergies were worth $3,362,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TTE. Arkadios Wealth Advisors raised its holdings in shares of TotalEnergies by 37.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 8,210 shares of the company’s stock worth $547,000 after buying an additional 2,240 shares in the last quarter. Whittier Trust Co. increased its holdings in TotalEnergies by 2.7% in the 2nd quarter. Whittier Trust Co. now owns 16,147 shares of the company’s stock worth $1,077,000 after purchasing an additional 430 shares in the last quarter. Cambiar Investors LLC increased its holdings in TotalEnergies by 24.0% in the 2nd quarter. Cambiar Investors LLC now owns 267,411 shares of the company’s stock worth $17,831,000 after purchasing an additional 51,816 shares in the last quarter. HB Wealth Management LLC increased its holdings in TotalEnergies by 40.4% in the 2nd quarter. HB Wealth Management LLC now owns 10,408 shares of the company’s stock worth $694,000 after purchasing an additional 2,997 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in TotalEnergies by 7.3% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 4,045 shares of the company’s stock worth $278,000 after purchasing an additional 276 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 0.1 %

TTE stock traded up $0.10 during mid-day trading on Thursday, reaching $69.61. The company’s stock had a trading volume of 754,751 shares, compared to its average volume of 1,436,802. The company has a market cap of $164.38 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 1.81 and a beta of 0.64. The business’s 50 day moving average price is $68.05 and its 200 day moving average price is $68.98. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The business had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. On average, equities research analysts predict that TotalEnergies SE will post 8.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wolfe Research began coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target on the stock. Scotiabank reduced their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $82.00.

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.