Kayne Anderson Rudnick Investment Management LLC Sells 47,234 Shares of TotalEnergies SE (NYSE:TTE)

Kayne Anderson Rudnick Investment Management LLC reduced its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 337,784 shares of the company's stock after selling 47,234 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in TotalEnergies were worth $18,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of 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 purchasing an additional 490,187 shares in the last quarter. Anchor Investment Management LLC grew its stake in TotalEnergies by 109.3% during 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 in the last quarter. World Investment Advisors LLC increased its holdings in TotalEnergies by 51.6% in the 3rd quarter. World Investment Advisors LLC now owns 4,558 shares of the company's stock valued at $295,000 after buying an additional 1,552 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of TotalEnergies in the 3rd quarter valued at approximately $303,000. Finally, Tidal Investments LLC lifted its holdings in shares of TotalEnergies by 5.2% during the 3rd quarter. Tidal Investments LLC now owns 62,692 shares of the company's stock worth $4,051,000 after acquiring an additional 3,112 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

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

TotalEnergies Trading Up 1.3 %

Shares of TotalEnergies stock traded up $0.77 on Friday, hitting $60.05. 1,313,301 shares of the company's stock traded hands, compared to its average volume of 1,573,662. 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. The company has a fifty day moving average of $60.39 and a two-hundred day moving average of $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 one year low of $52.78 and a one year high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, sell-side analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current 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.