Invesco Ltd. Sells 67,962 Shares of TotalEnergies SE (NYSE:TTE)

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

Several other hedge funds have also recently bought and sold shares of TTE. Asset Planning Inc bought a new stake in shares of TotalEnergies during the 4th quarter worth about $31,000. HHM Wealth Advisors LLC boosted its position in TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after purchasing an additional 400 shares during the period. Versant Capital Management Inc acquired a new position in TotalEnergies during the fourth quarter valued at approximately $45,000. Stonebridge Financial Group LLC bought a new position in shares of TotalEnergies in the fourth quarter valued at approximately $49,000. Finally, Anchor Investment Management LLC lifted its stake in shares of TotalEnergies by 109.3% in the third quarter. Anchor Investment Management LLC now owns 942 shares of the company's stock worth $61,000 after buying an additional 492 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of NYSE:TTE traded up $0.77 during trading on Friday, hitting $60.05. 1,313,301 shares of the stock were exchanged, compared to its average volume of 1,574,240. The company's fifty day simple moving average is $60.39 and its 200-day simple moving average is $59.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $143.97 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. 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 posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Sell-side analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About TotalEnergies

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.