Price T Rowe Associates Inc. MD Sells 1,358,812 Shares of TotalEnergies SE (NYSE:TTE)

Price T Rowe Associates Inc. MD cut its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 24.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,133,617 shares of the company's stock after selling 1,358,812 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.18% of TotalEnergies worth $225,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TTE. Hsbc Holdings PLC grew its position in shares of TotalEnergies by 5.3% in the fourth quarter. Hsbc Holdings PLC now owns 11,888 shares of the company's stock valued at $648,000 after purchasing an additional 603 shares during the last quarter. SIH Partners LLLP bought a new position in TotalEnergies during the 4th quarter worth $469,000. Stifel Financial Corp lifted its holdings in shares of TotalEnergies by 6.2% during the fourth quarter. Stifel Financial Corp now owns 690,593 shares of the company's stock worth $37,639,000 after buying an additional 40,614 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of TotalEnergies by 8,565.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,726 shares of the company's stock valued at $203,000 after acquiring an additional 3,683 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of TotalEnergies by 3.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 751,650 shares of the company's stock valued at $40,965,000 after acquiring an additional 26,180 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Trading Down 3.0 %

NYSE:TTE traded down $1.79 during mid-day trading on Tuesday, hitting $58.29. 2,127,374 shares of the company's stock were exchanged, compared to its average volume of 1,573,129. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a fifty-two week low of $52.78 and a fifty-two week high of $74.66. The company has a 50 day simple moving average of $60.38 and a 200-day simple moving average of $59.61. The firm has a market capitalization of $139.76 billion, a P/E ratio of 8.75, a PEG ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping 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, research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

TTE has been the subject of several recent research reports. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Scotiabank reduced 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. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Finally, Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.42.

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.