Lowe Brockenbrough & Co. Inc. Cuts Stock Position in TotalEnergies SE (NYSE:TTE)

Lowe Brockenbrough & Co. Inc. lessened its position in TotalEnergies SE (NYSE:TTE) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,549 shares of the company’s stock after selling 1,786 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in TotalEnergies were worth $3,571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC increased its holdings in shares of TotalEnergies by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after acquiring an additional 169 shares during the last quarter. Tradition Wealth Management LLC boosted its position in shares of TotalEnergies by 2.5% in the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after purchasing an additional 171 shares during the period. Apollon Wealth Management LLC boosted its position in shares of TotalEnergies by 4.1% in the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after purchasing an additional 174 shares during the period. Continuum Advisory LLC boosted its position in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of TotalEnergies by 9.1% in the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock valued at $121,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.4 %

TTE opened at $64.02 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The business has a 50 day simple moving average of $60.23 and a 200-day simple moving average of $61.26. The stock has a market capitalization of $153.49 billion, a P/E ratio of 9.61, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.