Delta Financial Group Inc. Has $307,000 Stock Holdings in TotalEnergies SE (NYSE:TTE)

Delta Financial Group Inc. reduced its position in shares of TotalEnergies SE (NYSE:TTE) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,625 shares of the company’s stock after selling 629 shares during the period. Delta Financial Group Inc.’s holdings in TotalEnergies were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Clear Creek Financial Management LLC bought a new stake in TotalEnergies during the 4th quarter worth approximately $345,000. CWA Asset Management Group LLC acquired a new position in shares of TotalEnergies during the third quarter worth $823,000. Crossmark Global Holdings Inc. grew its stake in shares of TotalEnergies by 48.3% in the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after purchasing an additional 54,478 shares during the last quarter. Logan Capital Management Inc. increased its holdings in TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares during the period. Finally, FMR LLC increased its holdings in TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Finally, Piper Sandler decreased 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. Six equities research 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

TotalEnergies stock opened at $60.74 on Monday. The stock has a market capitalization of $143.42 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 52-week low of $53.29 and a 52-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 stock’s 50 day moving average price is $57.74 and its two-hundred day moving average price is $62.12.

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

About TotalEnergies

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.