Lake Street Advisors Group LLC Cuts Position in TotalEnergies SE (NYSE:TTE)

Lake Street Advisors Group LLC decreased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,664 shares of the company’s stock after selling 931 shares during the period. Lake Street Advisors Group LLC’s holdings in TotalEnergies were worth $424,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC bought a new position in TotalEnergies during the 4th quarter valued at approximately $345,000. CWA Asset Management Group LLC purchased a new stake in shares of TotalEnergies in the third quarter worth $823,000. Crossmark Global Holdings Inc. increased its holdings in shares of TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after acquiring an additional 54,478 shares in the last quarter. Logan Capital Management Inc. raised its position in shares of TotalEnergies by 22.8% in the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after purchasing an additional 13,331 shares during the last quarter. Finally, FMR LLC boosted its stake in TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of TTE opened at $60.05 on Friday. The firm has a fifty day simple moving average of $58.25 and a two-hundred day simple moving average of $62.00. The firm has a market cap of $141.80 billion, a PE ratio of 9.02, a P/E/G ratio of 0.98 and a beta of 0.61. 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 SE has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 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, equities analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on TTE shares. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Piper Sandler lowered their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

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.