TotalEnergies SE (NYSE:TTE) Shares Sold by Fayez Sarofim & Co

Fayez Sarofim & Co cut its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 235,946 shares of the company's stock after selling 28,600 shares during the period. Fayez Sarofim & Co's holdings in TotalEnergies were worth $12,859,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Barclays PLC lifted its position in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after buying an additional 490,187 shares during the last quarter. Anchor Investment Management LLC increased its position in TotalEnergies by 109.3% during the third quarter. Anchor Investment Management LLC now owns 942 shares of the company's stock worth $61,000 after buying an additional 492 shares during the period. World Investment Advisors LLC lifted its stake in TotalEnergies by 51.6% in the third quarter. World Investment Advisors LLC now owns 4,558 shares of the company's stock valued at $295,000 after buying an additional 1,552 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of TotalEnergies during the third quarter worth approximately $303,000. Finally, Tidal Investments LLC increased its holdings in shares of TotalEnergies by 5.2% in the 3rd quarter. Tidal Investments LLC now owns 62,692 shares of the company's stock valued at $4,051,000 after acquiring an additional 3,112 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 1.0 %

Shares of TTE stock opened at $58.39 on Monday. The firm's 50 day moving average price is $60.61 and its two-hundred day moving average price is $60.00. The stock has a market cap of $140.00 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a fifty-two week low of $52.78 and a fifty-two week high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Scotiabank cut their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Morgan Stanley reiterated 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. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE (NYSE:TTE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.