TotalEnergies SE (NYSE:TTE) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,599 shares of the company's stock after selling 6,227 shares during the quarter. National Bank of Canada FI's holdings in TotalEnergies were worth $4,229,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in TotalEnergies by 26.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company's stock valued at $8,830,000 after acquiring an additional 28,857 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of TotalEnergies in the third quarter valued at $271,000. Centiva Capital LP acquired a new position in TotalEnergies in the third quarter valued at $445,000. Integrated Wealth Concepts LLC lifted its position in TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company's stock worth $1,085,000 after buying an additional 169 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in TotalEnergies by 42.9% in the 3rd quarter. IHT Wealth Management LLC now owns 7,107 shares of the company's stock worth $462,000 after buying an additional 2,134 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Up 2.6 %

Shares of NYSE:TTE traded up $1.41 during midday trading on Friday, hitting $56.13. 2,195,765 shares of the company's stock traded hands, compared to its average volume of 1,579,562. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $74.97. The company has a market cap of $134.59 billion, a PE ratio of 8.43, a P/E/G ratio of 0.98 and a beta of 0.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The firm's fifty day moving average price is $60.91 and its two-hundred day moving average price is $60.34.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its 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 return on equity of 15.22% and a net margin of 7.34%. On average, equities research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TTE. Scotiabank dropped their price objective 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. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Morgan Stanley reissued an "equal weight" rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Six research 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 stock. According to MarketBeat.com, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average price target of $69.42.

TotalEnergies 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.