Quadrant Capital Group LLC Cuts Holdings in TotalEnergies SE (NYSE:TTE)

Quadrant Capital Group LLC cut its position in TotalEnergies SE (NYSE:TTE) by 24.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,545 shares of the company’s stock after selling 4,631 shares during the quarter. Quadrant Capital Group LLC’s holdings in TotalEnergies were worth $793,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Clear Creek Financial Management LLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth $345,000. Franklin Resources Inc. raised its position in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after acquiring an additional 1,672,387 shares during the period. Logan Capital Management Inc. lifted its holdings in TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares in the last quarter. CWA Asset Management Group LLC grew its position in shares of TotalEnergies by 85.1% in the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock valued at $1,285,000 after purchasing an additional 10,835 shares during the period. Finally, Barclays PLC raised its position in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 6.9 %

Shares of TotalEnergies stock opened at $57.82 on Monday. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market capitalization of $138.64 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.98 and a beta of 0.45. The stock has a 50 day moving average of $61.35 and a 200 day moving average of $60.88.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping 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%. As a group, research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on TTE shares. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler lowered their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

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.