SYSTM Wealth Solutions LLC Sells 715 Shares of TotalEnergies SE (NYSE:TTE)

SYSTM Wealth Solutions LLC decreased its holdings in TotalEnergies SE (NYSE:TTE) by 20.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,815 shares of the company’s stock after selling 715 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in TotalEnergies were worth $188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. 9258 Wealth Management LLC boosted its stake in shares of TotalEnergies by 18.8% in the fourth quarter. 9258 Wealth Management LLC now owns 3,894 shares of the company’s stock valued at $262,000 after buying an additional 616 shares during the period. Dimensional Fund Advisors LP raised its holdings in TotalEnergies by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 348,468 shares of the company’s stock valued at $23,480,000 after acquiring an additional 2,959 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of TotalEnergies during the 4th quarter valued at $232,000. Corient Private Wealth LLC grew its holdings in shares of TotalEnergies by 0.6% during the 4th quarter. Corient Private Wealth LLC now owns 118,694 shares of the company’s stock worth $7,998,000 after purchasing an additional 703 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of TotalEnergies by 13.8% in the fourth quarter. Assetmark Inc. now owns 111,672 shares of the company’s stock worth $7,524,000 after purchasing an additional 13,543 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the subject of several recent analyst reports. Wolfe Research started coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company. Scotiabank decreased their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th.

TotalEnergies Stock Performance

TotalEnergies stock opened at $68.05 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap of $160.70 billion, a PE ratio of 7.68, a P/E/G ratio of 1.78 and a beta of 0.64. TotalEnergies SE has a 12-month low of $62.28 and a 12-month high of $74.97. The business’s 50-day moving average price is $67.90 and its two-hundred day moving average price is $69.31.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The company had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. During the same period last year, the firm posted $1.99 earnings per share. As a group, analysts expect that TotalEnergies SE will post 8.65 earnings per share 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.