TotalEnergies SE (NYSE:TTE) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. reduced its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 24.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,304 shares of the company's stock after selling 23,489 shares during the period. Flputnam Investment Management Co.'s holdings in TotalEnergies were worth $3,941,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its position in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after purchasing an additional 324,033 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock worth $273,323,000 after purchasing an additional 1,546,866 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of TotalEnergies by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company's stock worth $146,490,000 after purchasing an additional 106,347 shares in the last quarter. Equity Investment Corp boosted its position in shares of TotalEnergies by 10.5% in the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after buying an additional 196,277 shares in the last quarter. Finally, Todd Asset Management LLC boosted its position in shares of TotalEnergies by 1.2% in the 4th quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company's stock worth $64,247,000 after buying an additional 13,503 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

TTE stock traded up $0.12 during trading on Friday, hitting $60.17. The stock had a trading volume of 907,410 shares, compared to its average volume of 1,643,126. The company's 50 day moving average price is $58.37 and its two-hundred day moving average price is $61.91. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The stock has a market cap of $144.27 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. 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 (NYSE:TTE - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share 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%. On average, sell-side analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the topic of several recent research reports. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Piper Sandler decreased their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. 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 report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average price target of $72.42.

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.