TotalEnergies SE (NYSE:TTE) Shares Sold by Capital International Investors

Capital International Investors trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,657,277 shares of the company's stock after selling 275,044 shares during the period. Capital International Investors owned about 0.20% of TotalEnergies worth $253,728,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its position in shares of TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after acquiring an additional 490,187 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in TotalEnergies by 109.3% in the 3rd quarter. Anchor Investment Management LLC now owns 942 shares of the company's stock valued at $61,000 after purchasing an additional 492 shares in the last quarter. World Investment Advisors LLC boosted its stake in shares of TotalEnergies by 51.6% during the 3rd quarter. World Investment Advisors LLC now owns 4,558 shares of the company's stock worth $295,000 after purchasing an additional 1,552 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of TotalEnergies during the third quarter worth about $303,000. Finally, Tidal Investments LLC raised its position in shares of TotalEnergies by 5.2% in the third quarter. Tidal Investments LLC now owns 62,692 shares of the company's stock valued at $4,051,000 after buying an additional 3,112 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Up 1.1 %

Shares of TTE stock traded up $0.62 during trading hours on Thursday, reaching $59.32. The company had a trading volume of 486,476 shares, compared to its average volume of 1,747,532. The stock's fifty day simple moving average is $60.47 and its 200 day simple moving average is $59.91. The company has a market capitalization of $142.24 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.34% and a return on equity of 15.22%. As a group, sell-side analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on TTE. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Morgan Stanley reissued 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. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Scotiabank decreased their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Five 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's stock. According to MarketBeat, TotalEnergies has an average rating of "Moderate Buy" and an average price target of $69.42.

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.