Sei Investments Co. Reduces Position in TotalEnergies SE (NYSE:TTE)

Sei Investments Co. lowered its position in TotalEnergies SE (NYSE:TTE - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 946,459 shares of the company's stock after selling 45,218 shares during the period. Sei Investments Co.'s holdings in TotalEnergies were worth $51,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of TotalEnergies in the 4th quarter valued at $156,044,000. Franklin Resources Inc. lifted its position in TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after purchasing an additional 1,546,866 shares during the period. Barclays PLC boosted its holdings in TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after purchasing an additional 490,187 shares during the last quarter. FMR LLC grew its position in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after purchasing an additional 324,033 shares during the period. Finally, DRW Securities LLC grew its position in TotalEnergies by 134.5% during the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company's stock worth $4,149,000 after purchasing an additional 250,427 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BNP Paribas downgraded TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Morgan Stanley restated an "equal weight" rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Finally, Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus target price of $72.42.

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TotalEnergies Price Performance

TTE traded up $0.32 during midday trading on Thursday, hitting $65.19. 1,651,275 shares of the company traded hands, compared to its average volume of 1,518,937. The business has a 50 day simple moving average of $60.74 and a two-hundred day simple moving average of $61.12. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a market capitalization of $156.31 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.98 and a beta of 0.56. 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 released its quarterly earnings results 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%. On average, equities analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Company 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.