Price T Rowe Associates Inc. MD Has $688.08 Million Position in TotalEnergies SE (NYSE:TTE)

Price T Rowe Associates Inc. MD lowered its position in shares of TotalEnergies SE (NYSE:TTE) by 6.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,996,742 shares of the company’s stock after selling 670,702 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.43% of TotalEnergies worth $688,077,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TTE. Private Trust Co. NA raised its position in TotalEnergies by 1.6% during the first quarter. Private Trust Co. NA now owns 9,273 shares of the company’s stock worth $638,000 after acquiring an additional 149 shares in the last quarter. Geneos Wealth Management Inc. raised its position in TotalEnergies by 3.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock worth $301,000 after acquiring an additional 153 shares in the last quarter. PDS Planning Inc raised its position in TotalEnergies by 2.3% during the fourth quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock worth $461,000 after acquiring an additional 156 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in TotalEnergies by 1.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 18,496 shares of the company’s stock worth $1,246,000 after acquiring an additional 179 shares in the last quarter. Finally, Delta Financial Group Inc. raised its position in TotalEnergies by 3.1% during the first quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock worth $430,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of several analyst reports. Wolfe Research initiated coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target on the stock. Scotiabank decreased their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Finally, Piper Sandler upped their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, TotalEnergies has an average rating of “Hold” and a consensus price target of $76.00.

TotalEnergies Stock Performance

Shares of TTE stock traded down $1.14 on Monday, hitting $66.71. The company’s stock had a trading volume of 167,140 shares, compared to its average volume of 1,491,050. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The stock’s 50 day moving average is $68.99 and its 200-day moving average is $68.48. TotalEnergies SE has a fifty-two week low of $57.97 and a fifty-two week high of $74.97. The company has a market capitalization of $157.53 billion, a PE ratio of 7.66, a PEG ratio of 1.69 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). The business had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same quarter last year, the company posted $1.99 earnings per share. Equities research analysts expect that TotalEnergies SE will post 9 earnings per share for the current fiscal year.

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.