Berkshire Asset Management LLC PA Reduces Stake in TotalEnergies SE (NYSE:TTE)

Berkshire Asset Management LLC PA reduced its stake in shares of TotalEnergies SE (NYSE:TTE) by 27.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,513 shares of the company’s stock after selling 1,720 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in TotalEnergies were worth $265,000 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. FSA Wealth Management LLC bought a new position in shares of TotalEnergies during the 3rd quarter valued at approximately $26,000. Continuum Advisory LLC boosted its stake in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the period. Asset Planning Inc bought a new position in TotalEnergies during the fourth quarter valued at $31,000. HHM Wealth Advisors LLC raised its stake in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares during the period. Finally, Versant Capital Management Inc bought a new stake in shares of TotalEnergies in the 4th quarter worth about $45,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TTE shares. Piper Sandler cut their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Trading Up 0.9 %

Shares of NYSE TTE opened at $61.36 on Friday. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The firm has a market cap of $147.11 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The business has a fifty day simple moving average of $58.86 and a two-hundred day simple moving average of $61.74. 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) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share 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%. Analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.