Quadrant Capital Group LLC Sells 4,631 Shares of TotalEnergies SE (NYSE:TTE)

Quadrant Capital Group LLC decreased its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 24.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,545 shares of the company's stock after selling 4,631 shares during the period. Quadrant Capital Group LLC's holdings in TotalEnergies were worth $793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of TotalEnergies in the 4th quarter valued at $156,044,000. Franklin Resources Inc. grew its holdings in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares during the last quarter. Barclays PLC increased its position in 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. Equity Investment Corp lifted its stake in TotalEnergies by 10.5% in the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock valued at $112,193,000 after purchasing an additional 196,277 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in TotalEnergies by 7.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company's stock valued at $144,342,000 after buying an additional 192,858 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley reissued an "equal weight" rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Scotiabank dropped their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday. Finally, Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $69.42.

TotalEnergies Trading Up 2.6 %

TTE stock traded up $1.41 during mid-day trading on Friday, reaching $56.13. The company's stock had a trading volume of 2,195,765 shares, compared to its average volume of 1,579,562. The company has a market cap of $134.59 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $74.97. The business's 50 day moving average price is $60.91 and its 200 day moving average price is $60.34. 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 (NYSE:TTE - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) 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%. On average, equities research analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

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.