Rhumbline Advisers Trims Stock Position in TotalEnergies SE (NYSE:TTE)

Rhumbline Advisers reduced its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,822 shares of the company's stock after selling 6,186 shares during the quarter. Rhumbline Advisers' holdings in TotalEnergies were worth $1,898,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TTE. Venturi Wealth Management LLC increased its stake in TotalEnergies by 0.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company's stock worth $1,793,000 after purchasing an additional 165 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of TotalEnergies by 1.0% in 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. Tradition Wealth Management LLC raised its holdings in TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company's stock valued at $460,000 after buying an additional 171 shares during the last quarter. Apollon Wealth Management LLC boosted its position in TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company's stock valued at $242,000 after buying an additional 174 shares during the period. Finally, Continuum Advisory LLC grew its holdings 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 acquiring an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler dropped 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. Morgan Stanley reissued an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, two have assigned 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 an average rating of "Moderate Buy" and an average price target of $72.42.

TotalEnergies Stock Up 1.9 %

NYSE:TTE traded up $1.15 on Wednesday, reaching $61.02. 2,092,022 shares of the stock traded hands, compared to its average volume of 1,502,598. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $146.32 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The company's fifty day simple moving average is $58.73 and its 200 day simple moving average is $61.75.

TotalEnergies (NYSE:TTE - Get Free Report) last announced 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 net margin of 7.34% and a return on equity of 15.22%. Equities analysts predict that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

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.