Intrust Bank NA Sells 4,525 Shares of TotalEnergies SE (NYSE:TTE)

Intrust Bank NA lowered its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 13.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 28,735 shares of the company's stock after selling 4,525 shares during the period. Intrust Bank NA's holdings in TotalEnergies were worth $1,566,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TTE. Raymond James Financial Inc. acquired a new stake in shares of TotalEnergies in the fourth quarter valued at $156,044,000. Franklin Resources Inc. raised its holdings in TotalEnergies by 62.7% in the third 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 during the period. Barclays PLC raised its stake in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after buying an additional 490,187 shares during the period. Equity Investment Corp raised its position in shares of TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after purchasing an additional 196,277 shares during the period. Finally, LPL Financial LLC lifted its stake in TotalEnergies by 14.9% in the fourth quarter. LPL Financial LLC now owns 1,164,972 shares of the company's stock valued at $63,491,000 after buying an additional 151,336 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

TTE has been the subject of several recent research reports. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Piper Sandler reduced their price target on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Morgan Stanley reissued an "equal weight" rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus target price of $72.42.

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TotalEnergies Stock Performance

TTE traded down $0.14 during trading hours on Wednesday, hitting $64.35. The stock had a trading volume of 524,230 shares, compared to its average volume of 1,534,734. The company's fifty day simple moving average is $61.18 and its 200 day simple moving average is $61.02. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. 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 $154.29 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE - Get Free Report) last issued 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 return on equity of 15.22% and a net margin of 7.34%. Equities analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current year.

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.