PDS Planning Inc Trims Position in TotalEnergies SE (NYSE:TTE)

PDS Planning Inc trimmed its holdings in TotalEnergies SE (NYSE:TTE) by 17.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,105 shares of the company’s stock after selling 1,266 shares during the period. PDS Planning Inc’s holdings in TotalEnergies were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Signaturefd LLC increased its stake in shares of TotalEnergies by 0.6% during the fourth quarter. Signaturefd LLC now owns 36,499 shares of the company’s stock worth $1,989,000 after acquiring an additional 231 shares during the period. Parallel Advisors LLC increased its stake in shares of TotalEnergies by 36.1% during the fourth quarter. Parallel Advisors LLC now owns 9,115 shares of the company’s stock worth $497,000 after acquiring an additional 2,420 shares during the period. GWN Securities Inc. acquired a new position in shares of TotalEnergies during the fourth quarter worth about $288,000. Gallacher Capital Management LLC increased its stake in shares of TotalEnergies by 7.8% during the fourth quarter. Gallacher Capital Management LLC now owns 6,503 shares of the company’s stock worth $354,000 after acquiring an additional 470 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of TotalEnergies by 24.8% during the fourth quarter. Harbour Investments Inc. now owns 1,862 shares of the company’s stock worth $101,000 after acquiring an additional 370 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent analyst reports. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley restated an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Up 1.1 %

Shares of NYSE TTE opened at $63.33 on Wednesday. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The company has a market capitalization of $151.85 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The firm’s 50-day moving average is $59.94 and its two-hundred day moving average is $61.22.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that TotalEnergies SE will post 8.02 EPS 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.