TotalEnergies SE (NYSE:TTE) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in TotalEnergies SE (NYSE:TTE) by 0.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 920,135 shares of the company’s stock after selling 7,968 shares during the quarter. Sei Investments Co.’s holdings in TotalEnergies were worth $61,354,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in shares of TotalEnergies by 3.6% in the first quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock worth $301,000 after buying an additional 153 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of TotalEnergies by 5.1% in the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after buying an additional 164 shares during the period. Opal Wealth Advisors LLC boosted its position in shares of TotalEnergies by 17.0% in the second quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after buying an additional 187 shares during the period. Delta Financial Group Inc. boosted its position in shares of TotalEnergies by 3.1% in the first quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock worth $430,000 after buying an additional 190 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of TotalEnergies by 5.6% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,662 shares of the company’s stock worth $244,000 after buying an additional 194 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the subject of several recent analyst reports. Wolfe Research initiated coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Scotiabank decreased their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th.

TotalEnergies Price Performance

TTE opened at $69.09 on Monday. The stock has a market cap of $163.15 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 1.78 and a beta of 0.64. TotalEnergies SE has a 1 year low of $62.28 and a 1 year high of $74.97. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $67.90 and a 200 day moving average price of $69.38.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The firm had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period in the previous year, the business posted $1.99 EPS. Analysts forecast that TotalEnergies SE will post 8.65 EPS for the current fiscal year.

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.