Private Advisor Group LLC trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 24.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,747 shares of the company's stock after selling 8,434 shares during the period. Private Advisor Group LLC's holdings in TotalEnergies were worth $1,403,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in TTE. Good Life Advisors LLC raised its stake in TotalEnergies by 10.7% during the fourth quarter. Good Life Advisors LLC now owns 8,532 shares of the company's stock valued at $465,000 after buying an additional 823 shares during the last quarter. Timber Creek Capital Management LLC boosted its stake in TotalEnergies by 1.1% in the 4th quarter. Timber Creek Capital Management LLC now owns 107,821 shares of the company's stock worth $5,876,000 after purchasing an additional 1,200 shares in the last quarter. Allied Investment Advisors LLC grew its position in TotalEnergies by 2.4% during the 4th quarter. Allied Investment Advisors LLC now owns 156,172 shares of the company's stock valued at $8,511,000 after purchasing an additional 3,594 shares during the last quarter. Cardinal Capital Management increased its stake in TotalEnergies by 2.6% during the 4th quarter. Cardinal Capital Management now owns 42,903 shares of the company's stock valued at $2,373,000 after purchasing an additional 1,089 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in TotalEnergies by 5.1% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 13,420 shares of the company's stock worth $731,000 after buying an additional 650 shares during the last quarter. 16.53% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on TTE. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Piper Sandler decreased their price target on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, TotalEnergies has a consensus rating of "Moderate Buy" and a consensus price target of $72.42.
Check Out Our Latest Stock Report on TTE
TotalEnergies Price Performance
Shares of NYSE:TTE opened at $60.05 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $141.80 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The firm's 50 day moving average price is $58.25 and its 200-day moving average price is $62.00. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating 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%. Equities research analysts expect that TotalEnergies SE will post 8.02 EPS 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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