Martin Capital Partners LLC Sells 558 Shares of TotalEnergies SE (NYSE:TTE)

Martin Capital Partners LLC cut its stake in TotalEnergies SE (NYSE:TTE) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,455 shares of the company’s stock after selling 558 shares during the period. Martin Capital Partners LLC’s holdings in TotalEnergies were worth $1,323,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TTE. Stratos Wealth Partners LTD. lifted its stake in TotalEnergies by 109.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 13,575 shares of the company’s stock valued at $740,000 after buying an additional 7,084 shares during the period. Apollon Wealth Management LLC lifted its stake in TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after buying an additional 174 shares during the period. Kingsview Wealth Management LLC lifted its stake in TotalEnergies by 2.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 14,386 shares of the company’s stock valued at $784,000 after buying an additional 375 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in TotalEnergies by 4.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,889 shares of the company’s stock valued at $266,000 after buying an additional 207 shares during the period. Finally, WCM Investment Management LLC lifted its stake in TotalEnergies by 152.9% in the fourth quarter. WCM Investment Management LLC now owns 45,736 shares of the company’s stock valued at $2,492,000 after buying an additional 27,651 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TTE shares. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. HSBC reissued a “buy” rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Piper Sandler upped their target price on TotalEnergies from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Finally, Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.36.

TotalEnergies Trading Up 2.0%

NYSE TTE opened at $60.85 on Wednesday. The firm has a market capitalization of $145.91 billion, a P/E ratio of 9.14, a PEG ratio of 0.98 and a beta of 0.56. The business has a fifty day simple moving average of $58.17 and a 200 day simple moving average of $58.74. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $71.03. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion during the quarter, compared to analysts’ expectations of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same period in the previous year, the company posted $2.14 earnings per share. On average, analysts predict that TotalEnergies SE will post 8.02 EPS 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.