TotalEnergies SE (NYSE:TTE) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 8.1% during the second quarter, Holdings Channel.com reports. The fund owned 198,199 shares of the company’s stock after selling 17,538 shares during the period. Cetera Investment Advisers’ holdings in TotalEnergies were worth $13,216,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TTE. North Star Investment Management Corp. boosted its position in TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after buying an additional 212 shares during the period. Pathway Financial Advisers LLC purchased a new position in shares of TotalEnergies during the 1st quarter valued at approximately $29,000. Creekmur Asset Management LLC acquired a new stake in TotalEnergies in the 4th quarter valued at $31,000. Finally, New Covenant Trust Company N.A. purchased a new stake in TotalEnergies in the 1st quarter worth $38,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTE has been the topic of several recent analyst reports. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Scotiabank cut their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Wolfe Research began coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

TotalEnergies Stock Up 1.1 %

TTE stock opened at $68.60 on Friday. The company has a market cap of $161.99 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 1.83 and a beta of 0.63. The firm has a 50-day moving average of $67.66 and a two-hundred day moving average of $69.38. TotalEnergies SE has a 12 month low of $62.28 and a 12 month 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.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). The company had revenue of $53.74 billion during 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 prior year, the business posted $1.99 EPS. As a group, analysts forecast that TotalEnergies SE will post 8.34 earnings per share 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.