TotalEnergies SE (NYSE:TTE) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. cut its position in TotalEnergies SE (NYSE:TTE) by 35.1% during the third quarter, HoldingsChannel.com reports. The fund owned 6,571 shares of the company’s stock after selling 3,547 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in TotalEnergies were worth $425,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. boosted its stake in shares of TotalEnergies by 310.0% in the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after acquiring an additional 310 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of TotalEnergies in the first quarter worth approximately $29,000. Boit C F David acquired a new stake in shares of TotalEnergies in the third quarter worth approximately $32,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of TotalEnergies in the first quarter worth approximately $38,000. 13.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the topic of a number of research analyst reports. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wolfe Research began coverage on TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective on the stock. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Stock Performance

NYSE TTE opened at $64.83 on Wednesday. TotalEnergies SE has a fifty-two week low of $62.59 and a fifty-two week high of $74.97. The stock’s fifty day moving average is $67.68 and its two-hundred day moving average is $69.18. The firm has a market capitalization of $153.09 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 1.80 and a beta of 0.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11.

TotalEnergies (NYSE:TTE) last announced 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). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The business had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. During the same period last year, the company earned $1.99 EPS. On average, research analysts anticipate that TotalEnergies SE will post 8.17 earnings per share for the current 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.