Forte Capital LLC ADV Sells 1,233 Shares of TotalEnergies SE (NYSE:TTE)

Forte Capital LLC ADV lowered its stake in TotalEnergies SE (NYSE:TTE) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,193 shares of the company’s stock after selling 1,233 shares during the quarter. Forte Capital LLC ADV’s holdings in TotalEnergies were worth $1,967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. boosted its stake in TotalEnergies by 1.9% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 33,010 shares of the company’s stock worth $2,224,000 after purchasing an additional 618 shares during the period. Legacy Financial Advisors Inc. boosted its position in shares of TotalEnergies by 12.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 13,001 shares of the company’s stock worth $876,000 after buying an additional 1,394 shares during the period. Sapient Capital LLC bought a new position in shares of TotalEnergies during the fourth quarter worth about $328,000. U.S. Capital Wealth Advisors LLC acquired a new stake in TotalEnergies in the 4th quarter valued at approximately $282,000. Finally, LSV Asset Management lifted its stake in TotalEnergies by 583.3% in the 4th quarter. LSV Asset Management now owns 32,800 shares of the company’s stock valued at $2,210,000 after acquiring an additional 28,000 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Stock Up 0.3 %

Shares of NYSE:TTE traded up $0.23 during trading on Friday, hitting $71.63. 744,251 shares of the company were exchanged, compared to its average volume of 1,386,107. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The stock has a market cap of $168.45 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.78 and a beta of 0.70. The company has a current ratio of 1.09, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average price of $69.56 and a two-hundred day moving average price of $67.38.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The firm had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. During the same quarter in the previous year, the firm posted $2.97 earnings per share. As a group, research analysts anticipate that TotalEnergies SE will post 9.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler raised their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.75.

Insider Activity

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

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.