Kingswood Wealth Advisors LLC Sells 1,059 Shares of TotalEnergies SE (NYSE:TTE)

Kingswood Wealth Advisors LLC lowered its position in TotalEnergies SE (NYSE:TTE) by 22.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,607 shares of the company’s stock after selling 1,059 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in TotalEnergies were worth $248,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in 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 purchasing an additional 17,658 shares during the last quarter. Cloverfields Capital Group LP lifted its stake in shares of TotalEnergies by 30.1% during the 4th quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock worth $3,515,000 after acquiring an additional 12,072 shares during the last quarter. Capital Wealth Planning LLC boosted its holdings in TotalEnergies by 94.8% during the 4th quarter. Capital Wealth Planning LLC now owns 38,420 shares of the company’s stock valued at $2,589,000 after acquiring an additional 18,699 shares during the period. Townsend & Associates Inc grew its position in TotalEnergies by 58.0% in the 4th quarter. Townsend & Associates Inc now owns 219,759 shares of the company’s stock valued at $14,117,000 after acquiring an additional 80,681 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in TotalEnergies by 1,409.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 29,050 shares of the company’s stock worth $1,957,000 after purchasing an additional 27,125 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TTE. Piper Sandler boosted their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. 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 investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $70.75.

TotalEnergies Price Performance

TTE opened at $66.77 on Friday. The company has a market capitalization of $157.02 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 1.66 and a beta of 0.67. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. TotalEnergies SE has a 12-month low of $54.94 and a 12-month high of $74.97. The business’s fifty day simple moving average is $70.70 and its 200-day simple moving average is $68.30.

TotalEnergies (NYSE:TTE) last issued its earnings results on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.18. The company had revenue of $56.28 billion for the quarter, compared to analysts’ expectations of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. On average, equities research analysts anticipate that TotalEnergies SE will post 9.16 earnings per share for the current fiscal year.

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.