Fmr LLC Sells 208,114 Shares of TotalEnergies SE (NYSE:TTE)

FMR LLC lessened its position in TotalEnergies SE (NYSE:TTE - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,237,114 shares of the company's stock after selling 208,114 shares during the quarter. FMR LLC owned 0.52% of TotalEnergies worth $666,923,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of TotalEnergies by 26.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company's stock valued at $8,830,000 after purchasing an additional 28,857 shares during the last quarter. Verition Fund Management LLC bought a new position in TotalEnergies during the third quarter valued at approximately $271,000. EP Wealth Advisors LLC grew its position in TotalEnergies by 14.1% during the third quarter. EP Wealth Advisors LLC now owns 10,141 shares of the company's stock valued at $655,000 after acquiring an additional 1,254 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of TotalEnergies by 8.4% during the third quarter. Orion Portfolio Solutions LLC now owns 53,774 shares of the company's stock worth $3,475,000 after acquiring an additional 4,155 shares in the last quarter. Finally, Continuum Advisory LLC lifted 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 worth $27,000 after acquiring an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TTE shares. Piper Sandler decreased their target price 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. Scotiabank decreased their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Morgan Stanley restated an "equal weight" rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Six analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $69.42.

TotalEnergies Trading Up 1.5 %

NYSE TTE traded up $0.82 on Monday, hitting $57.05. The company's stock had a trading volume of 369,038 shares, compared to its average volume of 1,577,313. 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 SE has a 52-week low of $52.78 and a 52-week high of $74.97. The firm has a market cap of $136.79 billion, a P/E ratio of 8.57, a PEG ratio of 0.98 and a beta of 0.45. The company's 50-day simple moving average is $60.91 and its 200 day simple moving average is $60.30.

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