Intrust Bank NA Trims Stake in TotalEnergies SE (NYSE:TTE)

Intrust Bank NA lessened its holdings in shares of TotalEnergies SE (NYSE:TTE) by 13.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 28,735 shares of the company’s stock after selling 4,525 shares during the quarter. Intrust Bank NA’s holdings in TotalEnergies were worth $1,566,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TTE. FSA Wealth Management LLC purchased a new position in TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC lifted its position in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc purchased a new stake in shares of TotalEnergies during the fourth quarter valued at $31,000. HHM Wealth Advisors LLC grew its holdings in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in TotalEnergies in the 4th quarter worth about $45,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 1.4 %

Shares of NYSE:TTE opened at $64.27 on Friday. The company has a market capitalization of $154.11 billion, a PE ratio of 9.65, a P/E/G ratio of 0.98 and a beta of 0.56. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The business’s fifty day simple moving average is $60.96 and its 200-day simple moving average is $61.13.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, equities research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

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.