TotalEnergies SE (NYSE:TTE) Position Decreased by National Bank of Canada FI

National Bank of Canada FI trimmed its stake in TotalEnergies SE (NYSE:TTE) by 7.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,599 shares of the company’s stock after selling 6,227 shares during the quarter. National Bank of Canada FI’s holdings in TotalEnergies were worth $4,229,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. HighPoint Advisor Group LLC lifted its position in TotalEnergies by 4.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 10,018 shares of the company’s stock worth $546,000 after buying an additional 440 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after purchasing an additional 1,672,387 shares during the last quarter. Summit Financial LLC bought a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $307,000. Transamerica Financial Advisors Inc. boosted its holdings in TotalEnergies by 16.8% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 4,850 shares of the company’s stock valued at $265,000 after purchasing an additional 698 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of TotalEnergies by 4.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 55,940 shares of the company’s stock valued at $3,049,000 after buying an additional 2,166 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 3.7 %

Shares of TTE stock opened at $55.55 on Tuesday. The firm has a fifty day moving average of $61.28 and a 200-day moving average of $60.78. The company has a market capitalization of $133.19 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 0.98 and a beta of 0.45. 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 SE has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, equities research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report 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 for the company in a report on Thursday, December 19th. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $72.42.

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.