TotalEnergies SE (NYSE:TTE) Shares Sold by Argent Trust Co

Argent Trust Co trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,084 shares of the company’s stock after selling 942 shares during the period. Argent Trust Co’s holdings in TotalEnergies were worth $672,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. North Star Investment Management Corp. lifted its holdings in TotalEnergies by 310.0% in the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after acquiring an additional 310 shares during the period. Larson Financial Group LLC lifted its stake in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the period. Pathway Financial Advisers LLC purchased a new stake in TotalEnergies during the first quarter worth about $29,000. Frazier Financial Advisors LLC purchased a new stake in TotalEnergies during the fourth quarter worth about $30,000. Finally, Creekmur Asset Management LLC acquired a new position in TotalEnergies during the fourth quarter worth about $31,000. 13.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TTE shares. Wolfe Research started coverage on TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target on the stock. Scotiabank lowered their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th.

TotalEnergies Stock Up 1.6 %

TTE stock opened at $69.15 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The company’s 50 day simple moving average is $67.90 and its 200-day simple moving average is $69.31. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97. The firm has a market capitalization of $163.29 billion, a PE ratio of 7.80, a P/E/G ratio of 1.78 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $60.45 billion. During the same quarter last year, the company posted $1.99 EPS. Equities 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.