Oppenheimer Asset Management Inc. trimmed its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,352 shares of the company's stock after selling 18,199 shares during the period. Oppenheimer Asset Management Inc.'s holdings in TotalEnergies were worth $4,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of TTE. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies in the 3rd quarter worth approximately $26,000. Continuum Advisory LLC raised its stake in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after buying an additional 183 shares in the last quarter. Asset Planning Inc purchased a new stake in TotalEnergies during the fourth quarter worth $31,000. HHM Wealth Advisors LLC boosted its position in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of TotalEnergies in the 4th quarter valued at $45,000. Institutional investors own 16.53% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on TTE shares. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Morgan Stanley reissued an "equal weight" rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler lowered their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $72.42.
Read Our Latest Analysis on TotalEnergies
TotalEnergies Stock Performance
NYSE:TTE traded up $0.12 during trading hours on Friday, hitting $60.17. 907,410 shares of the company were exchanged, compared to its average volume of 1,643,126. The company's 50 day moving average price is $58.37 and its 200-day moving average price is $61.91. The stock has a market capitalization of $144.27 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. 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 (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current year.
About TotalEnergies
(
Free Report)
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.
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