Garland Capital Management Inc. Lowers Holdings in TotalEnergies SE (NYSE:TTE)

Garland Capital Management Inc. decreased its holdings in TotalEnergies SE (NYSE:TTE) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,242 shares of the company’s stock after selling 975 shares during the quarter. TotalEnergies comprises 2.2% of Garland Capital Management Inc.’s portfolio, making the stock its 26th biggest holding. Garland Capital Management Inc.’s holdings in TotalEnergies were worth $2,738,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC bought a new position in TotalEnergies in the 4th quarter worth approximately $345,000. Logan Capital Management Inc. boosted its position in shares of TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after acquiring an additional 13,331 shares during the last quarter. FMR LLC grew its stake in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares in the last quarter. CWA Asset Management Group LLC grew its stake in TotalEnergies by 85.1% during the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock valued at $1,285,000 after acquiring an additional 10,835 shares in the last quarter. Finally, Barclays PLC grew its stake in TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the subject of several research analyst reports. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $63.39 on Friday. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The stock has a market capitalization of $151.99 billion, a P/E ratio of 9.52, a PEG ratio of 0.98 and a beta of 0.56. The firm has a fifty day simple moving average of $60.36 and a two-hundred day simple moving average of $61.22. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.