InTrack Investment Management Inc trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE – Free Report) by 48.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,365 shares of the company’s stock after selling 3,160 shares during the quarter. InTrack Investment Management Inc’s holdings in TotalEnergies were worth $217,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Mather Group LLC. grew its holdings in TotalEnergies by 12.4% during the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after acquiring an additional 145 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in TotalEnergies by 3.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock worth $301,000 after acquiring an additional 153 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in TotalEnergies by 5.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after acquiring an additional 164 shares during the last quarter. Opal Wealth Advisors LLC grew its holdings in TotalEnergies by 17.0% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after acquiring an additional 187 shares during the last quarter. Finally, Delta Financial Group Inc. grew its holdings in TotalEnergies by 3.1% during the 1st quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock worth $430,000 after acquiring an additional 190 shares during the last quarter. 13.22% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Scotiabank reduced their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wolfe Research started coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective on the stock. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.75.
TotalEnergies Stock Down 0.3 %
Shares of NYSE TTE opened at $68.28 on Friday. The firm has a market cap of $161.24 billion, a PE ratio of 7.74, a P/E/G ratio of 1.86 and a beta of 0.63. TotalEnergies SE has a 12-month low of $62.59 and a 12-month high of $74.97. The company’s fifty day simple moving average is $67.80 and its 200 day simple moving average is $69.40. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35.
TotalEnergies (NYSE:TTE – Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). The company had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same period in the prior year, the company earned $1.99 earnings per share. As a group, sell-side analysts forecast that TotalEnergies SE will post 8.34 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.
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