Atria Wealth Solutions Inc. Sells 8,079 Shares of TotalEnergies SE (NYSE:TTE)

Atria Wealth Solutions Inc. trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE) by 39.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,558 shares of the company’s stock after selling 8,079 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in TotalEnergies were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TTE. International Assets Investment Management LLC lifted its position in shares of TotalEnergies by 6,367.4% during the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after purchasing an additional 361,923 shares during the last quarter. Allworth Financial LP increased its stake in shares of TotalEnergies by 34.6% during the third quarter. Allworth Financial LP now owns 4,151 shares of the company’s stock valued at $268,000 after buying an additional 1,066 shares during the period. Arkadios Wealth Advisors grew its stake in TotalEnergies by 2.9% in the third quarter. Arkadios Wealth Advisors now owns 8,452 shares of the company’s stock valued at $546,000 after purchasing an additional 242 shares during the last quarter. PFG Investments LLC grew its stake in TotalEnergies by 173.6% in the third quarter. PFG Investments LLC now owns 10,231 shares of the company’s stock valued at $661,000 after purchasing an additional 6,491 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in TotalEnergies by 67.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 52,578 shares of the company’s stock valued at $3,398,000 after purchasing an additional 21,172 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

TotalEnergies Trading Down 0.3 %

Shares of NYSE:TTE opened at $60.48 on Wednesday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The firm has a market capitalization of $142.81 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. 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’s 50 day moving average price is $57.99 and its 200-day moving average price is $62.03.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (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 research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.