Phillips Wealth Planners LLC Sells 181 Shares of TotalEnergies SE (NYSE:TTE)

Phillips Wealth Planners LLC reduced its holdings in TotalEnergies SE (NYSE:TTE) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,588 shares of the company’s stock after selling 181 shares during the period. Phillips Wealth Planners LLC’s holdings in TotalEnergies were worth $554,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TTE. Sei Investments Co. grew its holdings in shares of TotalEnergies by 158.2% during the 1st quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after purchasing an additional 568,672 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in TotalEnergies by 159,211.0% in the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after buying an additional 434,646 shares in the last quarter. International Assets Investment Management LLC grew its position in TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after acquiring an additional 361,923 shares during the period. Equity Investment Corp raised its stake in TotalEnergies by 20.6% during the first quarter. Equity Investment Corp now owns 1,810,041 shares of the company’s stock worth $124,585,000 after acquiring an additional 308,835 shares in the last quarter. Finally, Generate Investment Management Ltd bought a new position in shares of TotalEnergies during the second quarter valued at $13,306,000. 13.22% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $62.45 on Friday. The stock has a market capitalization of $147.47 billion, a P/E ratio of 8.86, a P/E/G ratio of 2.19 and a beta of 0.64. 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 1-year low of $61.95 and a 1-year high of $74.97. The business has a 50-day moving average price of $66.87 and a two-hundred day moving average price of $68.68.

Analyst Ratings Changes

A number of research firms have recently issued reports on TTE. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wolfe Research began coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company. Scotiabank decreased their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $78.75.

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.