Cerity Partners LLC Sells 11,688 Shares of TotalEnergies SE (NYSE:TTE)

Cerity Partners LLC reduced its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,657 shares of the company's stock after selling 11,688 shares during the quarter. Cerity Partners LLC's holdings in TotalEnergies were worth $8,483,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies during the 4th quarter worth about $156,044,000. Franklin Resources Inc. grew its position in shares of TotalEnergies by 41.7% in the fourth 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 stake in shares of TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after purchasing an additional 490,187 shares during the period. Federated Hermes Inc. lifted its holdings in TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after purchasing an additional 471,291 shares during the last quarter. Finally, Equity Investment Corp boosted 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 period. Institutional investors and hedge funds own 16.53% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TTE shares. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Morgan Stanley restated an "equal weight" rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday. Finally, Piper Sandler cut their target price on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, TotalEnergies has a consensus rating of "Moderate Buy" and an average price target of $69.42.

TotalEnergies Price Performance

NYSE:TTE traded up $1.26 during trading hours on Wednesday, hitting $57.93. The company's stock had a trading volume of 1,387,299 shares, compared to its average volume of 1,573,070. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $74.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a fifty day simple moving average of $60.76 and a 200-day simple moving average of $60.21. The company has a market capitalization of $138.90 billion, a P/E ratio of 8.70, a PEG ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, analysts anticipate that TotalEnergies SE will post 8.02 EPS 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.