Whittier Trust Co. of Nevada Inc. Reduces Stock Position in TotalEnergies SE (NYSE:TTE)

Whittier Trust Co. of Nevada Inc. reduced its position in shares of TotalEnergies SE (NYSE:TTE) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,987 shares of the company’s stock after selling 1,584 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in TotalEnergies were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TTE. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies during the third quarter worth about $26,000. Continuum Advisory LLC boosted its holdings 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 period. Asset Planning Inc purchased a new stake in shares of TotalEnergies during the fourth quarter worth about $31,000. HHM Wealth Advisors LLC raised its stake in 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 buying an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in TotalEnergies in the fourth quarter worth about $45,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $63.39 on Monday. The company has a 50 day simple moving average of $60.36 and a two-hundred day simple moving average of $61.14. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $151.99 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 0.98 and a beta of 0.56.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TTE shares. Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies 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.