Intrust Bank NA Lowers Holdings in TotalEnergies SE (NYSE:TTE)

Intrust Bank NA trimmed its position in shares of TotalEnergies SE (NYSE:TTE) by 13.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 28,735 shares of the company’s stock after selling 4,525 shares during the quarter. Intrust Bank NA’s holdings in TotalEnergies were worth $1,566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $156,044,000. Franklin Resources Inc. increased its holdings in TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after buying an additional 1,546,866 shares in the last quarter. Barclays PLC boosted its holdings in shares of TotalEnergies by 266.5% during the 3rd 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 during the last quarter. Equity Investment Corp raised its holdings in shares of TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after purchasing an additional 196,277 shares during the last quarter. Finally, LPL Financial LLC lifted its position in TotalEnergies by 14.9% during the fourth quarter. LPL Financial LLC now owns 1,164,972 shares of the company’s stock valued at $63,491,000 after purchasing an additional 151,336 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTE. Piper Sandler decreased 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. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Down 1.4 %

Shares of TTE stock opened at $64.27 on Friday. The company’s fifty day simple moving average is $60.96 and its two-hundred day simple moving average is $61.13. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The stock has a market cap of $154.11 billion, a P/E ratio of 9.65, a PEG ratio of 0.98 and a beta of 0.56. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Analysts predict that TotalEnergies SE will post 8.02 EPS 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.