Tocqueville Asset Management L.P. Reduces Position in TotalEnergies SE (NYSE:TTE)

Tocqueville Asset Management L.P. lessened its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 46.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,720 shares of the company's stock after selling 25,337 shares during the period. Tocqueville Asset Management L.P.'s holdings in TotalEnergies were worth $1,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC increased its stake in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after buying an additional 183 shares in the last quarter. Asset Planning Inc bought a new stake in TotalEnergies during the fourth quarter valued at about $31,000. HHM Wealth Advisors LLC lifted its position in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of TotalEnergies in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Down 0.5 %

NYSE TTE traded down $0.35 during trading hours on Monday, hitting $63.01. 1,813,866 shares of the company were exchanged, compared to its average volume of 1,511,697. The stock has a market cap of $151.09 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The stock has a 50-day moving average price of $60.36 and a 200 day moving average price of $61.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

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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, beating 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%. Analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler decreased their target price on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, BNP Paribas downgraded TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average price target of $72.42.

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.