TotalEnergies SE (NYSE:TTE) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC reduced its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 34,303 shares of the company's stock after selling 8,085 shares during the quarter. William Blair Investment Management LLC's holdings in TotalEnergies were worth $1,870,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in TotalEnergies during the third quarter worth $26,000. Continuum Advisory LLC lifted its stake in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after acquiring an additional 183 shares in the last quarter. Asset Planning Inc purchased a new position in TotalEnergies during the 4th quarter valued at about $31,000. HHM Wealth Advisors LLC grew its position in TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new stake in TotalEnergies during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Down 0.5 %

TTE stock traded down $0.35 during midday trading on Monday, reaching $63.01. 1,813,866 shares of the company were exchanged, compared to its average volume of 1,511,697. The stock's 50-day simple moving average is $60.36 and its 200 day simple moving average is $61.14. TotalEnergies SE has a 1-year low of $53.29 and a 1-year 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. The company has a market cap of $151.09 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

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

Wall Street Analyst Weigh In

TTE has been the subject of a number of research reports. BNP Paribas cut 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 research note on Thursday, January 23rd. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Piper Sandler lowered their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, two 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 an average rating of "Moderate Buy" and an average price target of $72.42.

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.