TotalEnergies SE (NYSE:TTE) is Advisors Management Group Inc. ADV’s 6th Largest Position

Advisors Management Group Inc. ADV reduced its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,447 shares of the company’s stock after selling 2,192 shares during the quarter. TotalEnergies makes up approximately 2.7% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 6th largest position. Advisors Management Group Inc. ADV’s holdings in TotalEnergies were worth $9,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Motco boosted its stake in shares of TotalEnergies by 216.2% during the third quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after purchasing an additional 320 shares during the period. Arlington Trust Co LLC purchased a new stake in TotalEnergies in the third quarter worth about $31,000. Fortis Capital Advisors LLC purchased a new stake in TotalEnergies in the fourth quarter worth about $32,000. SRS Capital Advisors Inc. purchased a new stake in TotalEnergies in the third quarter worth about $36,000. Finally, BKM Wealth Management LLC purchased a new stake in TotalEnergies in the fourth quarter worth about $38,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.5 %

Shares of TTE traded up $0.33 during midday trading on Wednesday, reaching $73.36. The company had a trading volume of 1,374,627 shares, compared to its average volume of 1,734,137. TotalEnergies SE has a 1-year low of $54.94 and a 1-year high of $74.06. The stock has a market cap of $172.52 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 1.79 and a beta of 0.72. The firm has a 50 day simple moving average of $66.63 and a 200-day simple moving average of $66.49. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The business had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same period in the previous year, the business posted $2.97 earnings per share. Research analysts forecast that TotalEnergies SE will post 9.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their target price on TotalEnergies from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $64.33.

Insider Activity at TotalEnergies

In other news, Director Se Totalenergies bought 196,964 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.