Clearbridge Investments LLC decreased its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 95.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,009 shares of the company's stock after selling 1,444,106 shares during the quarter. Clearbridge Investments LLC's holdings in TotalEnergies were worth $4,033,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in TTE. Integrated Wealth Concepts LLC lifted its stake in TotalEnergies by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company's stock valued at $1,085,000 after purchasing an additional 169 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company's stock worth $242,000 after acquiring an additional 174 shares during the period. Continuum Advisory LLC raised its stake 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 buying an additional 183 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of TotalEnergies by 9.1% during the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company's stock valued at $121,000 after purchasing an additional 184 shares in the last quarter. Finally, FSM Wealth Advisors LLC grew its position in shares of TotalEnergies by 3.4% during the 4th quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company's stock worth $333,000 after buying an additional 187 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on TTE shares. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $72.42.
Check Out Our Latest Stock Analysis on TotalEnergies
TotalEnergies Stock Performance
TTE traded down $1.71 during midday trading on Monday, hitting $55.99. 2,065,698 shares of the company traded hands, compared to its average volume of 1,546,560. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. 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's 50-day moving average is $61.35 and its 200 day moving average is $60.88. The firm has a market capitalization of $134.25 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.
About TotalEnergies
(
Free Report)
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.
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