Cwm LLC Has $8.17 Million Position in TotalEnergies SE (NYSE:TTE)

Cwm LLC lowered its stake in shares of TotalEnergies SE (NYSE:TTE) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,234 shares of the company’s stock after selling 6,616 shares during the quarter. Cwm LLC’s holdings in TotalEnergies were worth $8,169,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TTE. Key Financial Inc boosted its holdings in shares of TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in shares of TotalEnergies in the 3rd quarter valued at $31,000. Motco boosted its holdings in shares of TotalEnergies by 216.2% in the 3rd quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after purchasing an additional 320 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in shares of TotalEnergies in the 3rd quarter valued at $36,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of TotalEnergies in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research analyst reports. Scotiabank raised their target price on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler raised their price objective on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $70.75.

TotalEnergies Stock Up 0.8 %

Shares of NYSE:TTE opened at $72.63 on Tuesday. The firm has a market cap of $170.80 billion, a P/E ratio of 8.38, a P/E/G ratio of 1.72 and a beta of 0.72. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. TotalEnergies SE has a 12-month low of $54.94 and a 12-month high of $74.06. The business has a fifty day simple moving average of $68.03 and a 200 day simple moving average of $66.94.

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). The company had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same period in the prior year, the business earned $2.97 earnings per share. Analysts predict that TotalEnergies SE will post 9.38 earnings per share for the current year.

Insider Buying and Selling

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

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.