Arrowstreet Capital Limited Partnership Has $4.30 Million Position in TotalEnergies SE (NYSE:TTE)

Arrowstreet Capital Limited Partnership cut its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 83.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,813 shares of the company's stock after selling 410,091 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in TotalEnergies were worth $4,295,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TTE. Continuum Advisory LLC boosted its position in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after purchasing an additional 183 shares during the period. Asset Planning Inc bought a new stake in shares of TotalEnergies during the 4th quarter worth about $31,000. HHM Wealth Advisors LLC grew its stake in TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after buying an additional 400 shares during the last quarter. Versant Capital Management Inc bought a new position in TotalEnergies in the 4th quarter valued at about $45,000. Finally, Stonebridge Financial Group LLC acquired a new stake in TotalEnergies during the fourth quarter worth approximately $49,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

TTE stock traded up $1.41 during mid-day trading on Friday, hitting $56.13. The stock had a trading volume of 2,195,765 shares, compared to its average volume of 1,579,562. The firm has a fifty day simple moving average of $60.91 and a 200 day simple moving average of $60.34. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $134.59 billion, a P/E ratio of 8.43, a P/E/G ratio of 0.98 and a beta of 0.45.

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TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, research analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TTE shares. Piper Sandler decreased their target price on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. 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 report on Friday. Morgan Stanley restated an "equal weight" rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.