Wellington Management Group LLP Sells 149,270 Shares of TotalEnergies SE (NYSE:TTE)

Wellington Management Group LLP reduced its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,044,997 shares of the company's stock after selling 149,270 shares during the quarter. Wellington Management Group LLP owned about 0.34% of TotalEnergies worth $438,452,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in shares of TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC raised its stake in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock valued at $27,000 after purchasing an additional 183 shares during the period. Asset Planning Inc purchased a new stake in shares of TotalEnergies in the fourth quarter valued at $31,000. HHM Wealth Advisors LLC boosted its position in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after buying an additional 400 shares during the period. Finally, Versant Capital Management Inc purchased a new position in shares of TotalEnergies during the fourth quarter valued at $45,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded up $0.01 during midday trading on Wednesday, hitting $64.50. 934,316 shares of the company were exchanged, compared to its average volume of 1,528,927. The firm has a 50 day simple moving average of $61.30 and a 200-day simple moving average of $61.04. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The firm has a market cap of $154.65 billion, a P/E ratio of 9.68, a PEG ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.

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TotalEnergies (NYSE:TTE - Get Free Report) last released 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 return on equity of 15.22% and a net margin of 7.34%. Research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TTE. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Piper Sandler lowered 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. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. 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 data from MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and an average price target of $72.42.

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.