Mackenzie Financial Corp Sells 158,165 Shares of TotalEnergies SE (NYSE:TTE)

Mackenzie Financial Corp reduced its position in shares of TotalEnergies SE (NYSE:TTE) by 11.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,248,052 shares of the company’s stock after selling 158,165 shares during the period. Mackenzie Financial Corp’s holdings in TotalEnergies were worth $84,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTE. Arlington Trust Co LLC bought a new stake in shares of TotalEnergies in the third quarter valued at approximately $31,000. Motco lifted its position in shares of TotalEnergies by 216.2% during the third quarter. Motco now owns 468 shares of the company’s stock worth $31,000 after acquiring an additional 320 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in shares of TotalEnergies in the fourth quarter worth $32,000. Parkside Financial Bank & Trust lifted its holdings in TotalEnergies by 40.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 579 shares of the company’s stock worth $33,000 after purchasing an additional 167 shares in the last quarter. Finally, SRS Capital Advisors Inc. bought a new position in TotalEnergies in the 3rd quarter worth about $36,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $71.87 on Tuesday. The company has a market cap of $169.02 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.76 and a beta of 0.72. The company has a 50-day moving average price of $67.27 and a 200-day moving average price of $66.67. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $74.06.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The firm had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. During the same period last year, the company posted $2.97 earnings per share. As a group, equities analysts anticipate that TotalEnergies SE will post 9.22 EPS for the current year.

Insider Activity at TotalEnergies

In related news, Director Se Totalenergies purchased 196,964 shares of TotalEnergies stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

Several brokerages have issued reports on TTE. Scotiabank lifted their target price on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler cut their target price on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, TotalEnergies presently has an average rating of “Hold” and an average target price of $69.75.

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.