GQG Partners LLC Cuts Stock Position in TotalEnergies SE (NYSE:TTE)

GQG Partners LLC lessened its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 65.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,413 shares of the company's stock after selling 203,384 shares during the quarter. GQG Partners LLC's holdings in TotalEnergies were worth $5,909,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC raised its stake in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after buying an additional 324,033 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after purchasing an additional 1,546,866 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of TotalEnergies during the 4th quarter worth approximately $156,044,000. Equity Investment Corp boosted its holdings 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 during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of TotalEnergies by 1.7% during the 4th quarter. American Century Companies Inc. now owns 1,443,516 shares of the company's stock worth $78,672,000 after purchasing an additional 24,653 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Down 1.6 %

TotalEnergies stock traded down $1.04 during midday trading on Friday, reaching $64.14. The stock had a trading volume of 774,746 shares, compared to its average volume of 1,526,080. 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 has a fifty day moving average of $60.87 and a 200 day moving average of $61.15. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The firm has a market cap of $153.79 billion, a price-to-earnings ratio of 9.62, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTE. Piper Sandler decreased their target price on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Morgan Stanley restated an "equal weight" rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday. Finally, Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Six equities research 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 stock. According to MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and an average target price of $72.42.

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.