Wells Fargo & Company MN Sells 485,364 Shares of TotalEnergies SE (NYSE:TTE)

Wells Fargo & Company MN lowered its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,898,856 shares of the company's stock after selling 485,364 shares during the quarter. Wells Fargo & Company MN owned 0.25% of TotalEnergies worth $321,488,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $156,044,000. Franklin Resources Inc. raised its holdings in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after buying an additional 1,672,387 shares during the last quarter. Barclays PLC boosted its stake in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after purchasing an additional 490,187 shares during the last quarter. Equity Investment Corp grew its holdings in TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after buying an additional 196,277 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of TotalEnergies by 14.9% in the 4th quarter. LPL Financial LLC now owns 1,164,972 shares of the company's stock worth $63,491,000 after acquiring an additional 151,336 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Performance

TTE stock traded down $1.98 during midday trading on Thursday, reaching $54.81. 1,347,136 shares of the company's stock traded hands, compared to its average volume of 1,568,180. The firm has a market capitalization of $131.42 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The company has a 50-day moving average price of $61.03 and a two-hundred day moving average price of $60.51. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) 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%. As a group, equities analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

TTE has been the topic of a number of research analyst reports. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Morgan Stanley reissued 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. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Finally, Piper Sandler reduced their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average 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.