Latitude Advisors LLC Cuts Holdings in TotalEnergies SE (NYSE:TTE)

Latitude Advisors LLC cut its position in shares of TotalEnergies SE (NYSE:TTE) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,085 shares of the company’s stock after selling 199 shares during the quarter. Latitude Advisors LLC’s holdings in TotalEnergies were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in TotalEnergies by 219.4% in the third quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock worth $854,000 after acquiring an additional 8,921 shares during the period. Main Street Research LLC purchased a new stake in TotalEnergies in the 3rd quarter worth approximately $10,979,000. Mariner LLC increased its holdings in shares of TotalEnergies by 9.6% in the 3rd quarter. Mariner LLC now owns 95,857 shares of the company’s stock worth $6,304,000 after buying an additional 8,400 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of TotalEnergies by 12.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,385 shares of the company’s stock worth $1,104,000 after buying an additional 1,792 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of TotalEnergies in the 3rd quarter worth $7,354,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TotalEnergies

In other news, Director Se Totalenergies purchased 196,964 shares of the stock in a transaction on Thursday, March 28th. The shares were acquired at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the acquisition, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

TotalEnergies Stock Down 0.0 %

NYSE:TTE opened at $71.72 on Thursday. The firm has a 50-day simple moving average of $67.58 and a two-hundred day simple moving average of $66.75. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.06. The firm has a market cap of $168.66 billion, a P/E ratio of 8.27, a P/E/G ratio of 1.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The company had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same quarter in the prior year, the firm earned $2.97 earnings per share. Analysts predict that TotalEnergies SE will post 9.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Scotiabank raised their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler lowered their price target on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.75.

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.