Annex Advisory Services LLC reduced its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 95.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,762 shares of the company's stock after selling 71,975 shares during the quarter. Annex Advisory Services LLC's holdings in TotalEnergies were worth $243,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Asset Planning Inc bought a new position in TotalEnergies during the fourth quarter valued at $31,000. Financial Management Professionals Inc. raised its position in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after buying an additional 192 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in shares of TotalEnergies in the 4th quarter valued at about $32,000. Stonebridge Financial Group LLC purchased a new position in TotalEnergies in the fourth quarter worth about $49,000. Finally, SRS Capital Advisors Inc. grew its position in TotalEnergies by 108.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock worth $65,000 after acquiring an additional 617 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.
TotalEnergies Stock Performance
TTE stock opened at $59.32 on Friday. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $71.03. The firm has a market cap of $142.23 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.98 and a beta of 0.56. The business's fifty day simple moving average is $58.29 and its two-hundred day simple moving average is $58.75. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.
TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The company had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. Analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on TTE shares. Scotiabank decreased their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Piper Sandler increased their price target on TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a research report on Monday, May 12th. Finally, Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.
Read Our Latest Research Report on TotalEnergies
TotalEnergies Profile
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Free Report)
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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