TotalEnergies SE (NYSE:TTE) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its position in TotalEnergies SE (NYSE:TTE - Free Report) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,511 shares of the company's stock after selling 75,291 shares during the period. Truist Financial Corp's holdings in TotalEnergies were worth $29,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. increased its stake in shares of TotalEnergies by 158.2% during the 1st quarter. Sei Investments Co. now owns 928,103 shares of the company's stock worth $63,881,000 after purchasing an additional 568,672 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of TotalEnergies by 159,211.0% in the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company's stock worth $29,935,000 after acquiring an additional 434,646 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of TotalEnergies by 1.8% in the fourth quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company's stock valued at $1,424,717,000 after acquiring an additional 379,198 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of TotalEnergies during the first quarter valued at $22,081,000. Finally, Equity Investment Corp increased its position in TotalEnergies by 20.6% during the 1st quarter. Equity Investment Corp now owns 1,810,041 shares of the company's stock worth $124,585,000 after purchasing an additional 308,835 shares in the last quarter. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Up 0.9 %

TTE traded up $0.61 on Thursday, reaching $67.89. 2,072,499 shares of the company's stock were exchanged, compared to its average volume of 1,454,098. TotalEnergies SE has a twelve month low of $62.28 and a twelve month high of $74.97. The company's 50 day moving average is $67.65 and its 200-day moving average is $69.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The company has a market cap of $160.32 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 1.78 and a beta of 0.63.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The company had revenue of $53.74 billion during the quarter, compared to analysts' expectations of $60.45 billion. During the same period in the previous year, the company earned $1.99 EPS. Equities analysts predict that TotalEnergies SE will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wolfe Research started coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They set an "outperform" rating and a $87.00 price target on the stock. TD Cowen downgraded shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday. Finally, Scotiabank lowered their target price on shares of TotalEnergies from $86.00 to $80.00 and set a "sector perform" rating for the company in a research note on Friday, July 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $80.00.

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.