TotalEnergies SE (NYSE:TTE) Shares Sold by Bfsg LLC

Bfsg LLC cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,887 shares of the company’s stock after selling 2,156 shares during the period. TotalEnergies makes up about 1.2% of Bfsg LLC’s investment portfolio, making the stock its 13th largest holding. Bfsg LLC’s holdings in TotalEnergies were worth $8,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TTE. FMR LLC lifted its position in TotalEnergies by 0.4% in the third quarter. FMR LLC now owns 12,364,753 shares of the company’s stock worth $813,106,000 after purchasing an additional 52,562 shares during the period. Ameriprise Financial Inc. lifted its position in TotalEnergies by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock worth $241,480,000 after purchasing an additional 129,960 shares during the period. American Century Companies Inc. lifted its position in TotalEnergies by 0.4% in the third quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock worth $207,852,000 after purchasing an additional 11,094 shares during the period. Envestnet Asset Management Inc. lifted its position in TotalEnergies by 27.1% in the third quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock worth $181,848,000 after purchasing an additional 590,372 shares during the period. Finally, Royal Bank of Canada lifted its position in TotalEnergies by 8.8% in the third quarter. Royal Bank of Canada now owns 2,405,524 shares of the company’s stock worth $158,186,000 after purchasing an additional 194,228 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TotalEnergies

In other news, Director Se Totalenergies bought 196,964 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were bought at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the purchase, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

TotalEnergies Price Performance

Shares of NYSE TTE traded up $0.11 during trading on Thursday, hitting $72.85. The company had a trading volume of 407,637 shares, compared to its average volume of 1,677,142. The company has a market cap of $171.32 billion, a P/E ratio of 8.39, a PEG ratio of 1.64 and a beta of 0.72. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.06. The business’s 50-day moving average is $68.36 and its 200 day moving average is $67.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (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 analyst estimates of $55.14 billion. During the same period last year, the firm earned $2.97 earnings per share. Equities research analysts predict that TotalEnergies SE will post 9.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TTE shares. Piper Sandler upped their target price on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Scotiabank upped their price target on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.75.

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.