SVB Wealth LLC Has $508,000 Position in TotalEnergies SE (NYSE:TTE)

SVB Wealth LLC lessened its holdings in TotalEnergies SE (NYSE:TTE) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,534 shares of the company’s stock after selling 457 shares during the quarter. SVB Wealth LLC’s holdings in TotalEnergies were worth $508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cerity Partners LLC lifted its holdings in shares of TotalEnergies by 49.9% in the fourth quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock worth $3,578,000 after acquiring an additional 17,658 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in TotalEnergies by 219.4% in the third quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock valued at $854,000 after buying an additional 8,921 shares in the last quarter. Main Street Research LLC bought a new stake in shares of TotalEnergies during the third quarter worth $10,979,000. Mariner LLC increased its holdings in shares of TotalEnergies by 9.6% during the third quarter. Mariner LLC now owns 95,857 shares of the company’s stock worth $6,304,000 after buying an additional 8,400 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of TotalEnergies by 12.3% during the fourth 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 in the last quarter. Institutional investors own 13.22% of the company’s stock.

Insider Buying and Selling

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

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $72.05 on Friday. 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 SE has a 52 week low of $54.94 and a 52 week high of $74.06. The firm has a market cap of $169.44 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.73 and a beta of 0.72. The firm’s fifty day moving average is $67.87 and its 200-day moving average is $66.85.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The company had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. During the same period in the prior year, the business earned $2.97 earnings per share. Sell-side analysts predict that TotalEnergies SE will post 9.38 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTE. Piper Sandler boosted their price objective on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday. Scotiabank lifted their price target on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, TotalEnergies has an average rating of “Hold” and a consensus target price of $70.75.

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.