Delta Financial Advisors LLC Has $288,000 Stake in TotalEnergies SE (NYSE:TTE)

Delta Financial Advisors LLC cut its position in TotalEnergies SE (NYSE:TTE) by 8.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,270 shares of the company’s stock after selling 400 shares during the quarter. Delta Financial Advisors LLC’s holdings in TotalEnergies were worth $288,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TTE. FMR LLC lifted its position in shares of TotalEnergies by 0.4% during the 3rd quarter. FMR LLC now owns 12,364,753 shares of the company’s stock valued at $813,106,000 after acquiring an additional 52,562 shares during the period. Wellington Management Group LLP boosted its position in TotalEnergies by 7.6% during the first quarter. Wellington Management Group LLP now owns 9,142,190 shares of the company’s stock worth $462,045,000 after purchasing an additional 643,607 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of TotalEnergies by 40.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock worth $320,956,000 after buying an additional 1,823,670 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of TotalEnergies by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock worth $241,480,000 after buying an additional 129,960 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of TotalEnergies by 0.4% in the third quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock worth $207,852,000 after buying an additional 11,094 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

TTE traded up $0.15 during midday trading on Thursday, hitting $71.90. 771,241 shares of the company traded hands, compared to its average volume of 1,711,609. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $169.09 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72. The company’s 50-day moving average is $67.58 and its 200 day moving average is $66.75. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.06.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). The business had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same period in the previous year, the company earned $2.97 EPS. On average, research analysts expect that TotalEnergies SE will post 9.41 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at TotalEnergies

In related news, Director Se Totalenergies purchased 196,964 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.