Commonwealth Equity Services LLC Sells 2,390 Shares of TotalEnergies SE (NYSE:TTE)

Commonwealth Equity Services LLC decreased its holdings in TotalEnergies SE (NYSE:TTE) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,600 shares of the company’s stock after selling 2,390 shares during the quarter. Commonwealth Equity Services LLC’s holdings in TotalEnergies were worth $6,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of 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 during the last quarter. Cloverfields Capital Group LP increased its position in TotalEnergies by 30.1% during the 4th quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock valued at $3,515,000 after purchasing an additional 12,072 shares during the period. Capital Wealth Planning LLC raised its holdings in TotalEnergies by 94.8% during the 4th quarter. Capital Wealth Planning LLC now owns 38,420 shares of the company’s stock worth $2,589,000 after purchasing an additional 18,699 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of TotalEnergies by 5.5% in the 1st quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock worth $21,282,000 after purchasing an additional 16,200 shares during the period. Finally, Tweedy Browne Co LLC bought a new stake in shares of TotalEnergies in the 1st quarter valued at $10,852,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TTE. Scotiabank lowered their target price on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Wolfe Research began coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target for the company.

TotalEnergies Price Performance

TotalEnergies stock opened at $66.30 on Friday. The stock has a market capitalization of $156.56 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 1.73 and a beta of 0.64. TotalEnergies SE has a 52-week low of $62.28 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The stock’s 50 day moving average price is $68.19 and its two-hundred day moving average price is $69.14.

TotalEnergies (NYSE:TTE) last released its earnings results 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 company 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 quarter in the previous year, the firm earned $1.99 EPS. On average, equities analysts predict that TotalEnergies SE will post 8.76 earnings per share for the current year.

TotalEnergies 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.