TotalEnergies SE (NYSE:TTE) Shares Sold by Barclays PLC

Barclays PLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 482,052 shares of the company's stock after selling 192,102 shares during the period. Barclays PLC's holdings in TotalEnergies were worth $26,272,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Inc purchased a new stake in TotalEnergies during the 4th quarter worth $31,000. Bernard Wealth Management Corp. acquired a new stake in TotalEnergies during the 4th quarter valued at approximately $32,000. HHM Wealth Advisors LLC grew its stake in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Versant Capital Management Inc acquired a new stake in TotalEnergies during the 4th quarter valued at approximately $45,000. Finally, Stonebridge Financial Group LLC acquired a new stake in TotalEnergies during the 4th quarter valued at approximately $49,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Morgan Stanley restated an "equal weight" rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Scotiabank lowered their price target 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, April 11th. Finally, Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $69.42.

TotalEnergies Price Performance

NYSE TTE traded up $0.65 on Thursday, reaching $59.35. 392,352 shares of the stock traded hands, compared to its average volume of 1,570,151. The firm's fifty day simple moving average is $60.47 and its 200 day simple moving average is $59.91. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a market cap of $142.29 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $74.97.

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

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.