Forte Capital LLC ADV Sells 1,233 Shares of TotalEnergies SE (NYSE:TTE)

Forte Capital LLC ADV trimmed its stake in TotalEnergies SE (NYSE:TTE) by 4.1% during the fourth quarter, Holdings Channel reports. The fund owned 29,193 shares of the company’s stock after selling 1,233 shares during the period. Forte Capital LLC ADV’s holdings in TotalEnergies were worth $1,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. Envestnet Asset Management Inc. grew its stake in shares of TotalEnergies by 27.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock worth $181,848,000 after acquiring an additional 590,372 shares during the period. International Assets Investment Management LLC boosted its position in TotalEnergies by 6,549.9% during the fourth quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock worth $33,919,000 after purchasing an additional 495,826 shares during the period. Natixis Advisors L.P. increased its stake in shares of TotalEnergies by 29.4% in the fourth quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock worth $133,959,000 after purchasing an additional 451,597 shares in the last quarter. HighTower Advisors LLC raised its position in shares of TotalEnergies by 207.8% in the third quarter. HighTower Advisors LLC now owns 667,732 shares of the company’s stock valued at $43,934,000 after purchasing an additional 450,788 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of TotalEnergies by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after purchasing an additional 419,487 shares during the period. 13.22% of the stock is owned by institutional investors.

Insider Activity at TotalEnergies

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

TotalEnergies Price Performance

Shares of TTE stock traded up $0.23 during trading hours on Friday, reaching $71.63. The stock had a trading volume of 744,251 shares, compared to its average volume of 1,386,107. The stock’s fifty day simple moving average is $69.56 and its 200 day simple moving average is $67.38. The firm has a market capitalization of $168.45 billion, a PE ratio of 8.08, a PEG ratio of 1.78 and a beta of 0.70. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $74.97. The company has a current ratio of 1.09, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last posted 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 firm had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. During the same quarter in the prior year, the company earned $2.97 earnings per share. On average, equities research analysts predict that TotalEnergies SE will post 9.18 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on TTE shares. Scotiabank raised their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler raised their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Hold” and a consensus target price of $70.75.

TotalEnergies 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.