TotalEnergies SE (NYSE:TTE) Shares Sold by Burney Co.

Burney Co. reduced its stake in shares of TotalEnergies SE (NYSE:TTE) by 28.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,604 shares of the company’s stock after selling 3,048 shares during the quarter. Burney Co.’s holdings in TotalEnergies were worth $523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sei Investments Co. increased its holdings in shares of TotalEnergies by 158.2% in the 1st quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock valued at $63,881,000 after acquiring an additional 568,672 shares during the period. International Assets Investment Management LLC increased its position in TotalEnergies by 6,549.9% in the 4th quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock valued at $33,919,000 after acquiring an additional 495,826 shares during the period. Natixis Advisors L.P. raised its stake in TotalEnergies by 29.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock valued at $133,959,000 after acquiring an additional 451,597 shares during the last quarter. BNP Paribas Financial Markets lifted its position in TotalEnergies by 159,211.0% during the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after acquiring an additional 434,646 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of TotalEnergies by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock worth $1,427,431,000 after acquiring an additional 419,487 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TTE shares. Piper Sandler lifted their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Scotiabank dropped their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, Wolfe Research initiated coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $76.00.

TotalEnergies Trading Down 0.6 %

Shares of NYSE TTE traded down $0.37 on Friday, reaching $66.56. 1,572,668 shares of the company traded hands, compared to its average volume of 1,100,544. The stock has a market capitalization of $157.18 billion, a PE ratio of 7.51, a P/E/G ratio of 1.70 and a beta of 0.64. TotalEnergies SE has a fifty-two week low of $58.53 and a fifty-two week high of $74.97. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $68.58 and a 200 day moving average of $68.48.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The company had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. During the same period in the prior year, the business earned $1.99 EPS. On average, equities research analysts forecast that TotalEnergies SE will post 8.94 earnings per share 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.