Rathbones Group PLC Lowers Stake in TotalEnergies SE (NYSE:TTE)

Rathbones Group PLC reduced its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,434 shares of the company's stock after selling 5,742 shares during the quarter. Rathbones Group PLC's holdings in TotalEnergies were worth $3,839,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Continuum Advisory LLC grew its holdings in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock valued at $27,000 after buying an additional 183 shares during the last quarter. Asset Planning Inc bought a new position in TotalEnergies in the 4th quarter valued at approximately $31,000. HHM Wealth Advisors LLC boosted its stake 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 purchasing an additional 400 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of TotalEnergies in the 4th quarter worth $45,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of TotalEnergies in the fourth quarter worth $49,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

NYSE TTE traded up $1.41 during trading hours on Friday, hitting $56.13. 2,195,765 shares of the company's stock traded hands, compared to its average volume of 1,581,981. 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 52 week low of $52.78 and a 52 week high of $74.97. The firm has a market capitalization of $134.59 billion, a P/E ratio of 8.43, a P/E/G ratio of 0.98 and a beta of 0.45. The business's fifty day moving average price is $60.91 and its two-hundred day moving average price is $60.30.

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

Wall Street Analysts Forecast Growth

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

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.