Belpointe Asset Management LLC Has $222,000 Position in TotalEnergies SE (NYSE:TTE)

Belpointe Asset Management LLC lessened its holdings in shares of TotalEnergies SE (NYSE:TTE) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,067 shares of the company’s stock after selling 274 shares during the period. Belpointe Asset Management LLC’s holdings in TotalEnergies were worth $222,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Clear Creek Financial Management LLC acquired a new stake in TotalEnergies in the fourth quarter worth $345,000. Franklin Resources Inc. lifted its holdings in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after acquiring an additional 1,672,387 shares in the last quarter. Logan Capital Management Inc. grew its stake in TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after acquiring an additional 13,331 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of TotalEnergies by 85.1% in the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after acquiring an additional 10,835 shares in the last quarter. Finally, Barclays PLC raised its position in shares of TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $58.39 on Friday. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $74.97. The company has a market cap of $140.00 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The business’s 50 day moving average price is $60.66 and its two-hundred day moving average price is $60.15. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler dropped their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Scotiabank reduced their target price on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price of $69.42.

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.