Cullen Capital Management LLC Trims Position in TotalEnergies SE (NYSE:TTE)

Cullen Capital Management LLC cut its position in TotalEnergies SE (NYSE:TTE - Free Report) by 32.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 281,366 shares of the company's stock after selling 135,399 shares during the quarter. Cullen Capital Management LLC's holdings in TotalEnergies were worth $15,334,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock valued at $27,000 after acquiring an additional 183 shares during the period. Asset Planning Inc acquired a new position in TotalEnergies in the fourth quarter valued at $31,000. HHM Wealth Advisors LLC raised its holdings in shares of TotalEnergies by 156.3% in the fourth 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 acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $45,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of TotalEnergies during the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

Analyst Ratings Changes

TTE has been the subject of a number of recent research reports. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Piper Sandler decreased their price target on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Morgan Stanley reissued 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. 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. Based on data from MarketBeat.com, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average price target of $72.42.

TotalEnergies Price Performance

Shares of TTE traded down $2.01 during trading hours on Thursday, reaching $54.78. The company had a trading volume of 1,367,965 shares, compared to its average volume of 1,780,716. The company has a market capitalization of $131.34 billion, a price-to-earnings ratio of 8.23, a PEG 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. The firm has a 50 day simple moving average of $61.03 and a 200-day simple moving average of $60.51. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping 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%. Research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current year.

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.