Invesco Ltd. Decreases Stock Position in TotalEnergies SE (NYSE:TTE)

Invesco Ltd. lessened its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,193 shares of the company's stock after selling 67,962 shares during the quarter. Invesco Ltd.'s holdings in TotalEnergies were worth $10,474,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TTE. Bank of Montreal Can grew its position in TotalEnergies by 13.9% during the 4th quarter. Bank of Montreal Can now owns 484,854 shares of the company's stock worth $26,425,000 after purchasing an additional 59,256 shares during the last quarter. Federated Hermes Inc. raised its stake in TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after acquiring an additional 471,291 shares during the last quarter. Peapack Gladstone Financial Corp grew its stake in TotalEnergies by 6.5% during the 4th quarter. Peapack Gladstone Financial Corp now owns 39,443 shares of the company's stock valued at $2,148,000 after purchasing an additional 2,414 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of TotalEnergies by 7.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company's stock valued at $144,342,000 after purchasing an additional 192,858 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of TotalEnergies in the fourth quarter worth about $1,154,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TTE shares. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Finally, Scotiabank decreased their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $69.42.

TotalEnergies Price Performance

NYSE TTE traded up $0.77 during trading hours on Friday, reaching $60.05. The company's stock had a trading volume of 1,313,301 shares, compared to its average volume of 1,573,662. The firm has a market capitalization of $143.97 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 0.98 and a beta of 0.45. The company's 50-day moving average is $60.39 and its two-hundred day moving average is $59.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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, equities analysts predict that TotalEnergies SE will post 8.02 EPS 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.