Foundations Investment Advisors LLC Sells 482 Shares of TotalEnergies SE (NYSE:TTE)

Foundations Investment Advisors LLC lowered its holdings in shares of TotalEnergies SE (NYSE:TTE) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,861 shares of the company’s stock after selling 482 shares during the period. Foundations Investment Advisors LLC’s holdings in TotalEnergies were worth $379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors lifted its holdings in shares of TotalEnergies by 2.1% during the first quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock valued at $334,383,000 after purchasing an additional 100,059 shares during the last quarter. Raymond James & Associates increased its position in TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after buying an additional 13,022 shares in the last quarter. Natixis Advisors LLC raised its stake in TotalEnergies by 3.4% during the second quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock valued at $144,069,000 after buying an additional 71,658 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in TotalEnergies by 1.5% in the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock worth $140,366,000 after acquiring an additional 31,123 shares in the last quarter. Finally, Equity Investment Corp grew its stake in shares of TotalEnergies by 0.6% in the second quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock worth $121,407,000 after acquiring an additional 10,707 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Wolfe Research began coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective on the stock. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, Scotiabank decreased their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Trading Up 0.2 %

NYSE:TTE opened at $65.01 on Friday. The company has a market cap of $153.52 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.63. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $67.41 and a two-hundred day simple moving average of $69.00. TotalEnergies SE has a 12 month low of $62.59 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The firm had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same period in the previous year, the firm earned $1.99 EPS. Research analysts forecast that TotalEnergies SE will post 8.17 earnings per share for the current 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.